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Augustin Landier

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. O Blanchard & A Landier, 2002. "The Perverse Effects of Partial Labour Market Reform: fixed--Term Contracts in France," Economic Journal, Royal Economic Society, vol. 112(480), pages 214-244, June.

    Mentioned in:

    1. ¿Por qué han divergido tanto las tasas de paro en España y Francia en la Gran Recesión?
      by Samuel Bentolila in Nada Es Gratis on 2011-02-01 13:30:04
  2. Xavier Gabaix & Augustin Landier, 2006. "Why Has CEO Pay Increased So Much?," NBER Working Papers 12365, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. Can demographics explain why the income shares of high earners have increased?
      by Stephen Gordon in Worthwhile Canadian Initiative on 2011-09-19 02:22:12
    2. Some identification problems in the debate on taxing top earners
      by Stephen Gordon in Worthwhile Canadian Initiative on 2011-12-10 00:00:37

Wikipedia or ReplicationWiki mentions

(Only mentions on Wikipedia that link back to a page on a RePEc service)
  1. Xavier Gabaix & Augustin Landier, 2006. "Why Has CEO Pay Increased So Much?," 2006 Meeting Papers 518, Society for Economic Dynamics.

    Mentioned in:

    1. Xavier Gabaix in Wikipedia (German)

Working papers

  1. Jean-François Bonnefon & Augustin Landier & Parinitha Sastry & David Thesmar, 2025. "The moral preferences of investors : Experimental evidence," Post-Print hal-04935328, HAL.

    Cited by:

    1. Fioretti, Michele & Saint-Jean, Victor & Smith, Simon C., 2025. "The shared costs of pursuing shareholder values," Working Papers 362, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.
    2. Zwetelina Iliewa & Elisabeth Kempf & Oliver Spalt, 2025. "Corporate Actions as Moral Issues," CRC TR 224 Discussion Paper Series crctr224_2025_649v2, University of Bonn and University of Mannheim, Germany, revised Apr 2025.
    3. Florian Heeb & Julian F Kölbel & Falko Paetzold & Stefan Zeisberger, 2023. "Do Investors Care about Impact?," The Review of Financial Studies, Society for Financial Studies, vol. 36(5), pages 1737-1787.
    4. Wenya Sun & Yichen Luo & Siu-Ming Yiu & Luping Yu & Wenzhi Ding, 2024. "ESG scores, scandal probability, and event returns," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 10(1), pages 1-21, December.
    5. Zwetelina Iliewa & Elisabeth Kempf & Oliver Spalt, 2025. "Corporate Actions as Moral Issues," CESifo Working Paper Series 11854, CESifo.
    6. Roman Kräussl & Tobi Oladiran & Denitsa Stefanova, 2024. "A review on ESG investing: Investors’ expectations, beliefs and perceptions," Journal of Economic Surveys, Wiley Blackwell, vol. 38(2), pages 476-502, April.
    7. Draganac, Dragana & Lu, Kelin, 2025. "Pricing asset beyond financial fundamentals: The impact of prosocial preference and image concerns," Journal of Economic Dynamics and Control, Elsevier, vol. 170(C).
    8. Torsten Ehlers & Ulrike Elsenhuber & Anandakumar Jegarasasingam & Eric Jondeau, 2024. "Deconstructing ESG scores: investing at the category score level," Journal of Asset Management, Palgrave Macmillan, vol. 25(3), pages 222-244, May.
    9. Rüdiger Fahlenbrach & Eric Jondeau, 2023. "Greening the Swiss National Bank’s Portfolio," The Review of Corporate Finance Studies, Society for Financial Studies, vol. 12(4), pages 792-833.
    10. Heeb, Florian & Kölbel, Julian & Ramelli, Stefano & Vasileva, Anna, 2024. "Green investing and political behavior," SAFE Working Paper Series 438, Leibniz Institute for Financial Research SAFE.
    11. Allen,Franklin & Barbalau,Adelina & Zeni,Federica, 2023. "Reducing Carbon using Regulatory and Financial Market Tools," Policy Research Working Paper Series 10539, The World Bank.
    12. Benuzzi, Matteo & Klaser, Klaudijo & Bax, Karoline, 2024. "Which ESG+F dimension matters most to retail investors? An experimental study on financial decisions and future generations," Journal of Behavioral and Experimental Finance, Elsevier, vol. 41(C).
    13. Dangl, Thomas & Halling, Michael & Yu, Jin & Zechner, Josef, 2025. "Social preferences and corporate investment," Journal of Financial Economics, Elsevier, vol. 172(C).
    14. Michele Fioretti & Victor Saint-Jean & Simon C Smith, 2022. "The Voice: The Shareholders' Motives Behind Corporate Donations during COVID-19 (former title: Selfish Shareholders: Corporate Donations during COVID-19)," Sciences Po Economics Publications (main) hal-03386585, HAL.
    15. Michele Fioretti & Victor Saint-Jean & Simon C. Smith, 2024. "NGO Activism: Exposure vs. Influence," Papers 2411.06875, arXiv.org, revised Jan 2026.
    16. Daniel Engler & Gunnar Gutsche & Andreas Ziegler, 2025. "Does the willingness to pay for sustainable investments differ between non-incentivized and incentivized choice experiments?," MAGKS Papers on Economics 202515, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    17. Kim, Daniel & Pouget, Sébastien, 2023. "Do carbon emissions affect the cost of capital? Primary versus secondary corporate bond markets," TSE Working Papers 23-1472, Toulouse School of Economics (TSE), revised Nov 2025.
    18. Janz, Catharina & Rilke, Rainer Michael & Burcin Yurtoglu, B., 2025. "Does ESG information impact individual investors’ portfolio choices?," Journal of Economic Behavior & Organization, Elsevier, vol. 234(C).
    19. Sébastien Duchêne & Adrien Nguyen-Huu & Dimitri Dubois & Marc Willinger, 2022. "Risk-return trade-offs in the context of environmental impact: a lab-in-the-field experiment with finance professionals," CEE-M Working Papers hal-03883121, CEE-M, Universtiy of Montpellier, CNRS, INRA, Montpellier SupAgro.
    20. Chen, Liming & Dai, Tao & Zhang, Chen & Zhang, Zhi, 2025. "Digital government and corporate ESG performance," International Review of Financial Analysis, Elsevier, vol. 105(C).
    21. Luz, Valentin & Schauer, Victor & Viehweger, Martin, 2024. "Beyond preferences: Beliefs in sustainable investing," Journal of Economic Behavior & Organization, Elsevier, vol. 220(C), pages 584-607.

  2. Augustin Landier & David Thesmar, 2022. "Who is Neoliberal? Durkheimian Individualism and Support for Market Mechanisms," NBER Working Papers 29942, National Bureau of Economic Research, Inc.

    Cited by:

    1. Zwetelina Iliewa & Elisabeth Kempf & Oliver Spalt, 2025. "Corporate Actions as Moral Issues," CESifo Working Paper Series 11854, CESifo.
    2. Hart, Oliver D. & Thesmar, David & Zingales, Luigi, 2022. "Private sanctions," Working Papers 323, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.
    3. Alexander W. Cappelen & Benjamin Enke & Bertil Tungodden, 2022. "Moral Universalism: Global Evidence," CESifo Working Paper Series 10110, CESifo.

  3. Derrien, François & Krueger, Philipp & Landier, Augustin & Yao, Tianhao, 2021. "ESG News, Future Cash Flows, and Firm Value," HEC Research Papers Series 1441, HEC Paris.

    Cited by:

    1. Deng, Guoying & Ma, Shibo & Yan, Jingzhou & Shuai, Can & Liu, Hanying, 2024. "Dissecting the impact of the three E, S, G pillars on credit risk," Economic Analysis and Policy, Elsevier, vol. 83(C), pages 301-313.
    2. Oehler, Andreas & Horn, Matthias, 2025. "Contemporaneous ESG ratings and idiosyncratic stock risk: Empirical evidence on measures of market consensus and dispersion," International Review of Economics & Finance, Elsevier, vol. 103(C).
    3. Li, Iris & Akyildirim, Erdinc & Conlon, Thomas & Corbet, Shaen, 2025. "Corporate reputational dynamics and their impact on global commodity markets," Journal of Commodity Markets, Elsevier, vol. 37(C).
    4. Orpiszewski, Tomasz & Thompson, Mark, 2025. "Beyond borders: Asset price reaction to ESG incidents at home and abroad," International Review of Financial Analysis, Elsevier, vol. 104(PA).
    5. Yang, Runze & Wu, Junwei & Yang, Cunyi & Albitar, Khaldoon, 2024. "Far-sighted through mitigating risk: Directors and officers liability insurance and corporate ESG performance," International Review of Financial Analysis, Elsevier, vol. 96(PB).
    6. Gao, Ning & Jiang, Wei & Jin, Jiaxu, 2024. "Unravelling investors’ diverging responses to U.S. firms' global ESG incidents," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 91(C).

  4. Afrouzi, Hassan & Kwon, Spencer Yongwook & Landier, Augustin & Ma, Yueran & Thesmar, David, 2021. "Overreaction in Expectations: Evidence and Theory," HEC Research Papers Series 1444, HEC Paris.

    Cited by:

    1. Marianne Andries & Milo Bianchi & Karen Huynh & Sébastien Pouget, 2024. "Return Predictability, Expectations, and Investment: Experimental Evidence," Post-Print hal-04680777, HAL.
    2. Yuval Salant & Jörg L. Spenkuch & David Almog, 2025. "The Memory Premium," CESifo Working Paper Series 11787, CESifo.
    3. Bao, Te & Dai, Yun & Duffy, John, 2025. "Least squares learning? Evidence from the laboratory," Journal of Economic Dynamics and Control, Elsevier, vol. 172(C).
    4. Conrad, Christian & Lahiri, Kajal, 2023. "Heterogeneous expectations among professional forecasters," ZEW Discussion Papers 23-062, ZEW - Leibniz Centre for European Economic Research.
    5. Jonas D. M. Fisher, Jonas D. & Melosi, Leonardo & Sebastian Rast, Sebastian, 2025. "Long-Run Inflation Expectations," The Warwick Economics Research Paper Series (TWERPS) 1551, University of Warwick, Department of Economics.
    6. Jonas D. M. Fisher & Leonardo Melosi & Sebastian Rast, 2025. "Long-Run Inflation Expectations," Working Paper Series WP 2025-03, Federal Reserve Bank of Chicago.
    7. Ahmed, Haseeb & Giffin, Erin & Manian, Shanthi, 2025. "Memory constraints in adoption of productive technologies," Journal of Economic Behavior & Organization, Elsevier, vol. 236(C).
    8. Yves Breitmoser & Justin Valasek & Justin Mattias Valasek, 2023. "Why Do Committees Work?," CESifo Working Paper Series 10800, CESifo.
    9. Sebastian Link & Andreas Peichl & Christopher Roth & Johannes Wohlfart & Oliver Pfaeuti, 2025. "Attention to the Macroeconomy," CEBI working paper series 23-09, University of Copenhagen. Department of Economics. The Center for Economic Behavior and Inequality (CEBI).
    10. Matteo Bizzarri & Daniele d'Arienzo, 2024. "The social value of overreaction to information," Papers 2403.08532, arXiv.org.
    11. Breitmoser, Yves & Valasek, Justin, 2023. "Why do committees work?," Discussion Paper Series in Economics 18/2023, Norwegian School of Economics, Department of Economics.
    12. Michael T. Kiley, 2025. "Monetary Policy Strategy and the Anchoring of Long-Run Inflation Expectations," Finance and Economics Discussion Series 2025-027, Board of Governors of the Federal Reserve System (U.S.).
    13. Constantin Charles & Cary Frydman & Mete Kilic, 2024. "Insensitive Investors," Journal of Finance, American Finance Association, vol. 79(4), pages 2473-2503, August.
    14. Enke, Benjamin & Schwerter, Frederik & Zimmermann, Florian, 2024. "Associative memory, beliefs and market interactions," Journal of Financial Economics, Elsevier, vol. 157(C).
    15. Jonas Radbruch & Amelie Schiprowski, 2024. "Interview Sequences and the Formation of Subjective Assessments," CESifo Working Paper Series 10957, CESifo.
    16. Han, Leyla Jianyu, 2025. "Announcements, expectations, and stock returns with asymmetric information," Journal of Monetary Economics, Elsevier, vol. 151(C).
    17. Heinke, Steve & Olschewski, Sebastian & Rieskamp, Jörg, 2024. "Experiences, demand for risky investments, and implications for price dynamics," Journal of Behavioral and Experimental Finance, Elsevier, vol. 43(C).
    18. Benjamin Christoffersen & Arvid Hoffmann & Zwetelina Iliewa & Lena Jaroszek, 2025. "Experience Effects on Wall Street vs. Main Street: Field and Lab Evidence of Context Dependence," CRC TR 224 Discussion Paper Series crctr224_2025_684, University of Bonn and University of Mannheim, Germany.
    19. Kerry Xiao & Amy Zang, 2025. "Vague Knowledge: Evidence from Analyst Reports," Papers 2505.12269, arXiv.org, revised May 2025.
    20. Isaac Baley & Javier Turén, 2025. "Lumpy Forecasts," Working Papers 1476, Barcelona School of Economics.
    21. Leland Bybee, 2023. "Surveying Generative AI's Economic Expectations," Papers 2305.02823, arXiv.org, revised May 2023.
    22. James Cloyne & Òscar Jordà & Sanjay R. Singh & Alan M. Taylor, 2025. "Asset Prices and Credit with Diagnostic Expectations," Working Paper Series 2025-15, Federal Reserve Bank of San Francisco.
    23. He, Wei & Su, Zhiwei & Yu, Jianfeng, 2024. "Macroeconomic perceptions, financial constraints, and anomalies," Journal of Financial Economics, Elsevier, vol. 162(C).
    24. Lustenhouwer, Joep & Salle, Isabelle, 2025. "Learning to be rational in the presence of news: A lab investigation," European Economic Review, Elsevier, vol. 172(C).
    25. Gerotto, Luca & Paradiso, Antonio & Pellizzari, Paolo, 2025. "A tale of inattentiveness and the loss function: A model for household-level macroeconomic expectations," Journal of Economic Behavior & Organization, Elsevier, vol. 236(C).
    26. Qiu, Yajie & Deschamps, Bruno, 2025. "Peer influence in macroeconomic predictions," Journal of Economic Behavior & Organization, Elsevier, vol. 236(C).
    27. Richard K. Crump & Stefano Eusepi & Emanuel Moench & Bruce Preston, 2025. "How Do We Learn About the Long Run?," Staff Reports 1150, Federal Reserve Bank of New York.
    28. Li, Ye & Wang, Chen, 2025. "The Information Cliff," SocArXiv bf8cx_v1, Center for Open Science.
    29. Charles, Constantin & Frydman, Cary & Kilic, Mete, 2024. "Insensitive investors," LSE Research Online Documents on Economics 120788, London School of Economics and Political Science, LSE Library.
    30. Bro, Jeppe & Eriksen, Jonas N., 2025. "Subjective expectations and house prices," Journal of Banking & Finance, Elsevier, vol. 172(C).
    31. Angelico, Cristina, 2024. "The green transition and firms' expectations on future prices: Survey evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 221(C), pages 519-543.
    32. Campiglio, Emanuele & Lamperti, Francesco & Terranova, Roberta, 2024. "Believe me when I say green! Heterogeneous expectations and climate policy uncertainty," Journal of Economic Dynamics and Control, Elsevier, vol. 165(C).
    33. Zanetti Chini, Emilio, 2025. "Judgment can spur long memory," Journal of Economic Dynamics and Control, Elsevier, vol. 170(C).

  5. François Derrien & Philipp Krueger & Augustin Landier & Tianhao Yao, 2021. "How Do ESG Incidents Affect Firm Value?," Swiss Finance Institute Research Paper Series 21-84, Swiss Finance Institute.

    Cited by:

    1. Vu Le Tran & Guillaume Coqueret, 2023. "ESG news spillovers across the value chain," Financial Management, Financial Management Association International, vol. 52(4), pages 677-710, December.
    2. Bolognesi, Enrica & Burchi, Alberto, 2023. "The impact of the ESG disclosure on sell-side analysts’ target prices: The new era post Paris agreements," Research in International Business and Finance, Elsevier, vol. 64(C).
    3. Vu Le Tran & Guillaume Coqueret, 2023. "ESG news spillovers across the value chain," Post-Print hal-04325746, HAL.
    4. Kvam, Emilie & Molnar, Peter & Wankel, Ingvild & Odegaard, Bernt Arne, 2022. "Do sustainable company stock prices increase with ESG scrutiny? Evidence using social media," UiS Working Papers in Economics and Finance 2022/1, University of Stavanger.
    5. Chen, Zhongfei & Xie, Guanxia, 2022. "ESG disclosure and financial performance: Moderating role of ESG investors," International Review of Financial Analysis, Elsevier, vol. 83(C).

  6. Augustin Landier & Stefano Lovo, 2020. "ESG Investing: How to Optimize Impact?," Working Papers hal-02896673, HAL.

    Cited by:

    1. Bianchi, Milo & Liu, Zhengkai & Wang, Gang, 2022. "Are We Becoming Greener? Life-time Experiences and Responsible Investment," TSE Working Papers 22-1382, Toulouse School of Economics (TSE).
    2. Li, Suyang & Qiao, Lu & Ren, Boru & Wang, Zilong, 2025. "Financing sustainability: Sustainable institutional investors and bank loan access," Journal of International Money and Finance, Elsevier, vol. 157(C).
    3. Tiziano De Angelis & Peter Tankov & Olivier David Zerbib, 2022. "Climate Impact Investing," Carlo Alberto Notebooks 676 JEL Classification: G, Collegio Carlo Alberto.
    4. Costantiello, Alberto & Leogrande, Angelo, 2024. "The Determinants Of Co2 Emissions In The Context Of Esg Models At World Level," SocArXiv 53djm, Center for Open Science.
    5. Florian Heeb & Julian F Kölbel & Falko Paetzold & Stefan Zeisberger, 2023. "Do Investors Care about Impact?," The Review of Financial Studies, Society for Financial Studies, vol. 36(5), pages 1737-1787.
    6. Daniel Soliman, 2025. "Impact IRR: Leveraging Modern Portfolio Theory to Define Impact Investments," Papers 2509.22600, arXiv.org.
    7. Lei Li & Kun Qin & Desheng Wu, 2023. "A Hybrid Approach for the Assessment of Risk Spillover to ESG Investment in Financial Networks," Sustainability, MDPI, vol. 15(7), pages 1-16, April.
    8. Sebastien Pouget & Christian Gollier, 2021. "Investment Strategies and Corporate Behaviour with Socially Responsible Investors: A Theory of Active Ownership," Working Papers 2021.15, FAERE - French Association of Environmental and Resource Economists.
    9. Inderst, Roman & Opp, Markus, 2022. "Socially optimal sustainability standards with non-consequentialist ("warm glow") investors," SAFE Working Paper Series 346, Leibniz Institute for Financial Research SAFE.
    10. Pedersen, Lasse Heje & Fitzgibbons, Shaun & Pomorski, Lukasz, 2021. "Responsible investing: The ESG-efficient frontier," Journal of Financial Economics, Elsevier, vol. 142(2), pages 572-597.
    11. Hakenes, Hendrik & Schliephake, Eva, 2022. "Responsible Investment and Responsible Consumption," VfS Annual Conference 2022 (Basel): Big Data in Economics 264004, Verein für Socialpolitik / German Economic Association.
    12. Bond, Philip & Levit, Doron, 2025. "ESG: A panacea for market power?," Journal of Financial Economics, Elsevier, vol. 165(C).
    13. Boungou, Whelsy & Dufau, Bastien, 2025. "Shareholder wealth effects of corporate sustainability reporting regulations," Finance Research Letters, Elsevier, vol. 80(C).
    14. Rüdiger Fahlenbrach & Eric Jondeau, 2023. "Greening the Swiss National Bank’s Portfolio," The Review of Corporate Finance Studies, Society for Financial Studies, vol. 12(4), pages 792-833.
    15. Krahnen, Jan Pieter & Rocholl, Jörg & Thum, Marcel, 2021. "A primer on green finance: From wishful thinking to marginal impact," SAFE White Paper Series 87, Leibniz Institute for Financial Research SAFE.
    16. Popescu, Ioana-Stefania & Gibon, Thomas & Hitaj, Claudia & Rubin, Mirco & Benetto, Enrico, 2023. "Are SRI funds financing carbon emissions? An input-output life cycle assessment of investment funds," Ecological Economics, Elsevier, vol. 212(C).
    17. Pierre Lavigne & Peter Tankov, 2023. "Decarbonization of financial markets: a mean-field game approach," Papers 2301.09163, arXiv.org.
    18. Hendrik Hakenes & Eva Schliephake, 2021. "Responsible Investment and Responsible Consumption," ECONtribute Discussion Papers Series 134, University of Bonn and University of Cologne, Germany.
    19. Olivier David Zerbib, 2022. "A Sustainable Capital Asset Pricing Model (S-CAPM): Evidence from Environmental Integration and Sin Stock Exclusion [Asset pricing with liquidity risk]," Review of Finance, European Finance Association, vol. 26(6), pages 1345-1388.
    20. Oehmke, Martin & Opp, Marcus, 2021. "A theory of socially responsible investment," LSE Research Online Documents on Economics 118891, London School of Economics and Political Science, LSE Library.

  7. Landier, Augustin & Thesmar, David, 2020. "Earnings Expectations in the COVID Crisis," HEC Research Papers Series 1377, HEC Paris.

    Cited by:

    1. Djimoudjiel, Djekonbe & T. Rostand, Dany Dombu & MBATINA NODJI, NDILENGAR, 2024. "What lessons does the COVID-19 pandemic teach us about banking liquidity and information share in the CEMAC zone?," MPRA Paper 119666, University Library of Munich, Germany, revised 17 Jan 2024.
    2. Caballero, Ricardo & Simsek, Alp, 2022. "Monetary Policy and Asset Price Overshooting: A Rationale for the Wall/Main Street Disconnect," CEPR Discussion Papers 15163, C.E.P.R. Discussion Papers.
    3. Lars Peter Hansen, 0. "Repercussions of Pandemics on Markets and Policy," The Review of Asset Pricing Studies, Society for Financial Studies, vol. 10(4), pages 569-573.
    4. Steven J. Davis & Dingqian Liu & Xuguang Simon Sheng, 2022. "Stock Prices and Economic Activity in the Time of Coronavirus," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 70(1), pages 32-67, March.
    5. Zheng, Wenyuan & Li, Bingqing & Huang, Zhiyong & Chen, Lu, 2022. "Why Was There More Household Stock Market Participation During the COVID-19 Pandemic?," Finance Research Letters, Elsevier, vol. 46(PB).
    6. Ramelli, Stefano & Ossola, Elisa & Rancan, Michela, 2021. "Stock price effects of climate activism: Evidence from the first Global Climate Strike," Journal of Corporate Finance, Elsevier, vol. 69(C).
    7. Li Cui & Pamela Kent & Sujin Kim & Shan Li, 2021. "Accounting conservatism and firm performance during the COVID‐19 pandemic," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 61(4), pages 5543-5579, December.
    8. Scott R. Baker & Robert A Farrokhnia & Steffen Meyer & Michaela Pagel & Constantine Yannelis, 2023. "Income, Liquidity, and the Consumption Response to the 2020 Economic Stimulus Payments," Review of Finance, European Finance Association, vol. 27(6), pages 2271-2304.
    9. Zaremba, Adam & Kizys, Renatas & Tzouvanas, Panagiotis & Aharon, David Y. & Demir, Ender, 2021. "The quest for multidimensional financial immunity to the COVID-19 pandemic: Evidence from international stock markets," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 71(C).
    10. Silva, Thiago Christiano & Wilhelm, Paulo Victor Berri & Tabak, Benjamin Miranda, 2022. "The role of non-critical business and telework propensity in international stock markets during the COVID-19 pandemic," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 79(C).
    11. Joost Bats & William Greif & Daniel Kapp, 2021. "The rise in the cross-sectoral dispersion of earnings expectations during COVID-19," Working Papers 724, DNB.
    12. Laeven, Luc, 2022. "Pandemics, intermediate goods, and corporate valuation," Journal of International Money and Finance, Elsevier, vol. 120(C).
    13. Neukirchen, Daniel & Engelhardt, Nils & Krause, Miguel & Posch, Peter N., 2023. "The value of (private) investor relations during the COVID-19 crisis," Journal of Banking & Finance, Elsevier, vol. 147(C).
    14. Asil Azimli, 2022. "Policy uncertainty sensitivity, COVID-19 and industry returns in the United States," Economics and Business Letters, Oviedo University Press, vol. 11(3), pages 107-117.
    15. Zhang, Xu & Ding, Zhijing & Hang, Jianqin & He, Qizhi, 2022. "How do stock price indices absorb the COVID-19 pandemic shocks?," The North American Journal of Economics and Finance, Elsevier, vol. 60(C).
    16. Stephen J. Davis & Dingqian Liu & Xuguang Simon Sheng, 2020. "Stock Prices, Lockdowns, and Economic Activity in the Time of Coronavirus," Working Papers 2020-156, Becker Friedman Institute for Research In Economics.
    17. Barry, John W. & Campello, Murillo & Graham, John R. & Ma, Yueran, 2022. "Corporate flexibility in a time of crisis," Journal of Financial Economics, Elsevier, vol. 144(3), pages 780-806.
    18. Viral V. Acharya & Robert F. Engle III & Maximilian Jager & Sascha Steffen, 2021. "Why Did Bank Stocks Crash During COVID-19?," NBER Working Papers 28559, National Bureau of Economic Research, Inc.
    19. Amore, Mario Daniele & Pelucco, Valerio & Quarato, Fabio, 2022. "Family ownership during the Covid-19 pandemic," Journal of Banking & Finance, Elsevier, vol. 135(C).
    20. Benjamin Knox, 2022. "A Stock Return Decomposition Using Observables," Finance and Economics Discussion Series 2022-014r1, Board of Governors of the Federal Reserve System (U.S.), revised 31 Jan 2025.
    21. Michal Bernardelli & Zbigniew Korzeb & Pawel Niedziolka, 2021. "The banking sector as the absorber of the COVID-19 crisis’ economic consequences: perception of WSE investors," Oeconomia Copernicana, Institute of Economic Research, vol. 12(2), pages 335-374, June.
    22. Berkman, Henk & Malloch, Hamish, 2023. "Stock valuation during the COVID-19 pandemic: An explanation using option-based discount rates," Journal of Banking & Finance, Elsevier, vol. 147(C).
    23. World Bank, 2020. "Indonesia Economic Prospects, July 2020," World Bank Publications - Reports 34123, The World Bank Group.
    24. Chongyu Wang & Tingyu Zhou, 2023. "Face‐to‐face interactions, tenant resilience, and commercial real estate performance," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 51(6), pages 1467-1511, November.
    25. Harrison Hong & Jeffrey D. Kubik & Neng Wang & Xiao Xu & Jinqiang Yang, 2020. "Pandemics, Vaccines and an Earnings Damage Function," NBER Working Papers 27829, National Bureau of Economic Research, Inc.
    26. Dimitris Papanikolaou & Lawrence D.W. Schmidt, 2020. "Working Remotely and the Supply-side Impact of Covid-19," NBER Working Papers 27330, National Bureau of Economic Research, Inc.
    27. Cakici, Nusret & Zaremba, Adam, 2021. "Who should be afraid of infections? Pandemic exposure and the cross-section of stock returns," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 72(C).
    28. Muhammad Jawad & Munazza Naz, 2025. "Elasticity of ESSM stock volatility: an analysis of the collapse of U.S., European, and Chinese markets during the COVID-19 pandemic," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 11(1), pages 1-26, December.
    29. Tran, Nhu & Uzmanoglu, Cihan, 2023. "Reprint of: COVID-19, lockdowns, and the municipal bond market," Journal of Banking & Finance, Elsevier, vol. 147(C).
    30. Imen Khanchel & Naima Lassoued & Rym Gargoury, 2023. "CSR and firm value: is CSR valuable during the COVID 19 crisis in the French market?," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 27(2), pages 575-601, June.
    31. Tihana Škrinjarić, 2022. "Higher Moments Actually Matter: Spillover Approach for Case of CESEE Stock Markets," Mathematics, MDPI, vol. 10(24), pages 1-34, December.
    32. Ali Mirzaei & Mohsen Saad & Ali Emrouznejad, 2024. "Bank stock performance during the COVID-19 crisis: does efficiency explain why Islamic banks fared relatively better?," Annals of Operations Research, Springer, vol. 334(1), pages 317-355, March.
    33. John Beirne Beirne & Nuobu Renzhi & Eric Alexander Sugandi & Ulrich Volz, 2020. "Financial Market and Capital Flow Dynamics During the COVID-19 Pandemic," ADBI Working Papers 1158, Asian Development Bank Institute.
    34. Kamal, Md Rajib & Ahmed, Shaker & Hasan, Mostafa Monzur, 2023. "The impact of the Russia-Ukraine crisis on the stock market: Evidence from Australia," Pacific-Basin Finance Journal, Elsevier, vol. 79(C).
    35. ÅžimÅŸek, Alp & Caballero, Ricardo, 2020. "A Model of Endogenous Risk Intolerance and LSAPs: Asset Prices and Aggregate Demand in a "Covid-19" Shock," CEPR Discussion Papers 14627, C.E.P.R. Discussion Papers.
    36. Omrane Guedhami & April Knill & William L. Megginson & Lemma W. Senbet, 2022. "The dark side of globalization: Evidence from the impact of COVID-19 on multinational companies," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 53(8), pages 1603-1640, October.
    37. Bats, Joost & Greif, William & Kapp, Daniel, 2022. "The rise in the cross-sectoral dispersion of earnings expectations during COVID-19," Working Paper Series 2664, European Central Bank.
    38. John Beirne & Nuobu Renzhi & Eric Sugandi & Ulrich Volz, 2021. "COVID‐19, asset markets and capital flows," Pacific Economic Review, Wiley Blackwell, vol. 26(4), pages 498-538, October.
    39. Zaghini, Andrea, 2021. "The Covid pandemic in the market: Infected, immune and cured bonds," CFS Working Paper Series 653, Center for Financial Studies (CFS).
    40. Demirguc-Kunt,Asli & Pedraza Morales,Alvaro Enrique & Ruiz Ortega,Claudia, 2020. "Banking Sector Performance During the COVID-19 Crisis," Policy Research Working Paper Series 9363, The World Bank.
    41. Tran, Nhu & Uzmanoglu, Cihan, 2022. "COVID-19, lockdowns, and the municipal bond market," Journal of Banking & Finance, Elsevier, vol. 143(C).
    42. Garel, Alexandre & Petit-Romec, Arthur, 2021. "Investor rewards to environmental responsibility: Evidence from the COVID-19 crisis," Journal of Corporate Finance, Elsevier, vol. 68(C).
    43. Glossner, Simon & Matos, Pedro Pinto & Ramelli, Stefano & Wagner, Alexander F., 2022. "Do institutional investors stabilize equity markets in crisis periods? Evidence from COVID-19," CEPR Discussion Papers 15070, C.E.P.R. Discussion Papers.
    44. Greppmair, Stefan & Jank, Stephan & Smajlbegovic, Esad, 2023. "On the importance of fiscal space: Evidence from short sellers during the COVID-19 pandemic," Journal of Banking & Finance, Elsevier, vol. 147(C).
    45. Tihana Škrinjarić, 2021. "Profiting on the Stock Market in Pandemic Times: Study of COVID-19 Effects on CESEE Stock Markets," Mathematics, MDPI, vol. 9(17), pages 1-20, August.
    46. Alexandre Garel & Arthur Petit-Romec, 2021. "Investor rewards to environmental responsibility: Evidence from the COVID-19 crisis," Post-Print hal-03204216, HAL.
    47. Giglio, Stefano & Maggiori, Matteo & Ströbel, Johannes & Utkus, Stephen P., 2020. "Inside the Mind of a Stock Market Crash," CEPR Discussion Papers 14813, C.E.P.R. Discussion Papers.
    48. Nils Engelhardt & Jens Ekkenga & Peter Posch, 2021. "ESG Ratings and Stock Performance during the COVID-19 Crisis," Sustainability, MDPI, vol. 13(13), pages 1-15, June.
    49. Paul Anglin & Jianxin Cui & Yanmin Gao & Li Zhang, 2021. "Analyst Forecasts during the COVID-19 Pandemic: Evidence from REITs," JRFM, MDPI, vol. 14(10), pages 1-21, September.
    50. Gu, Leilei & Li, Jianjun & Ni, Xiaoran & Peng, Yuchao, 2023. "The long shadow beyond lockdown: Board chairs’ professional pandemic experiences and corporate investments," Journal of Economic Behavior & Organization, Elsevier, vol. 214(C), pages 522-541.
    51. Neukirchen, Daniel & Engelhardt, Nils & Krause, Miguel & Posch, Peter N., 2022. "Firm efficiency and stock returns during the COVID-19 crisis," Finance Research Letters, Elsevier, vol. 44(C).
    52. Petersen, Luba & Rholes, Ryan, 2022. "Macroeconomic expectations, central bank communication, and background uncertainty: A COVID-19 laboratory experiment," Journal of Economic Dynamics and Control, Elsevier, vol. 143(C).
    53. Atems, Bebonchu & Yimga, Jules, 2021. "Quantifying the impact of the COVID-19 pandemic on US airline stock prices," Journal of Air Transport Management, Elsevier, vol. 97(C).

  8. Hassan Afrouzi & Spencer Yongwook Kwon & Augustin Landier & Yueran Ma & David Thesmar, 2020. "Overreaction and Working Memory," NBER Working Papers 27947, National Bureau of Economic Research, Inc.

    Cited by:

    1. Bao, Te & Hommes, Cars & Pei, Jiaoying, 2021. "Expectation formation in finance and macroeconomics: A review of new experimental evidence," Journal of Behavioral and Experimental Finance, Elsevier, vol. 32(C).
    2. Rava Azeredo da Silveira & Yeji Sung & Michael Woodford, 2020. "Optimally Imprecise Memory and Biased Forecasts," CESifo Working Paper Series 8709, CESifo.
    3. Oliver Pfauti, 2021. "Inflation -- who cares? Monetary Policy in Times of Low Attention," Papers 2105.05297, arXiv.org, revised Oct 2023.
    4. Andrade, Philippe & Gautier, Erwan & Mengus, Eric, 2023. "What matters in households’ inflation expectations?," Journal of Monetary Economics, Elsevier, vol. 138(C), pages 50-68.
    5. Alistair Macaulay & James Moberly, 2022. "Heterogeneity in imperfect inflation expectations:theory and evidence from a novel survey," Economics Series Working Papers 970, University of Oxford, Department of Economics.
    6. Neligh, Nathaniel, 2024. "Rational memory with decay," Journal of Economic Behavior & Organization, Elsevier, vol. 223(C), pages 120-145.
    7. Hagenhoff, Tim & Lustenhouwer, Joep, 2023. "The role of stickiness, extrapolation and past consensus forecasts in macroeconomic expectations," Journal of Economic Dynamics and Control, Elsevier, vol. 149(C).
    8. Hassan Afrouzi & Choongryul Yang, 2021. "Dynamic Rational Inattention and the Phillips Curve," CESifo Working Paper Series 8840, CESifo.

  9. Jean-François Bonnefon & Augustin Landier & Parinitha Sastry & David Thesmar, 2020. "Do Investors Care About Corporate Externalities? Experimental Evidence," Working Papers hal-02896496, HAL.

    Cited by:

    1. Eleonora Broccardo & Oliver D. Hart & Luigi Zingales, 2020. "Exit vs. Voice," Working Papers 2020-114, Becker Friedman Institute for Research In Economics.

  10. Andrea Barbon & Marco Di Maggio & Francesco A. Franzoni & Augustin Landier, 2017. "Brokers and Order Flow Leakage: Evidence from Fire Sales," Swiss Finance Institute Research Paper Series 17-61, Swiss Finance Institute, revised Jun 2018.

    Cited by:

    1. Bilan, Andrada & Gündüz, Yalın, 2022. "CDS market structure and bond spreads," Discussion Papers 24/2022, Deutsche Bundesbank.
    2. Marco Di Maggio & Mark L. Egan & Francesco Franzoni, 2019. "The Value of Intermediation in the Stock Market," NBER Working Papers 26147, National Bureau of Economic Research, Inc.
    3. Lyócsa, Štefan & Baumöhl, Eduard & Vŷrost, Tomáš, 2021. "YOLO trading: Riding with the herd during the GameStop episode," EconStor Preprints 230679, ZBW - Leibniz Information Centre for Economics.
    4. Christian Bittner & Falko Fecht & Melissa Pala & Farzad Saidi, 2024. "Strategic Communication Among Banks," CRC TR 224 Discussion Paper Series crctr224_2024_587, University of Bonn and University of Mannheim, Germany.
    5. Yousaf, Imran & Pham, Linh & Goodell, John W., 2023. "The connectedness between meme tokens, meme stocks, and other asset classes: Evidence from a quantile connectedness approach," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 82(C).
    6. de Roure, Calebe & Mönch, Emanuel & Pelizzon, Loriana & Schneider, Michael, 2019. "OTC discount," Discussion Papers 42/2019, Deutsche Bundesbank.
      • de Roure, Calebe & Mönch, Emanuel & Pelizzon, Loriana & Schneider, Michael, 2021. "OTC discount," SAFE Working Paper Series 298, Leibniz Institute for Financial Research SAFE, revised 2021.
    7. Gábor Pintér & Chaojun Wang & Junyuan Zou, 2022. "Size discount and size penalty: trading costs in bond markets," Bank of England working papers 970, Bank of England.
    8. Franzoni, Francesco & Plazzi, Alberto & Cotelioglu, Efe, 2019. "What Constrains Liquidity Provision? Evidence From Hedge Fund Trades," CEPR Discussion Papers 13645, C.E.P.R. Discussion Papers.
    9. Christian Bittner & Falko Fecht & Melissa Pala & Farzad Saidi, 2023. "Information Transmission between Banks and the Market for Corporate Control," ECONtribute Discussion Papers Series 250, University of Bonn and University of Cologne, Germany.
    10. Han, Jinhui & Ma, Guiyuan & Yam, Sheung Chi Phillip, 2022. "Relative performance evaluation for dynamic contracts in a large competitive market," European Journal of Operational Research, Elsevier, vol. 302(2), pages 768-780.
    11. Matteo Bonetti, 2021. "Pension Fund Equity Performance: Herding Does Not Pay Off," Working Papers 729, DNB.
    12. van Kervel, Vincent & Kwan, Amy & Westerholm, P. Joakim, 2023. "Order splitting and interacting with a counterparty," Journal of Financial Markets, Elsevier, vol. 66(C).
    13. Franzoni, Francesco & Di Maggio, Marco & Egan, Mark, 2019. "The Value of Intermediation in the Stock Market," CEPR Discussion Papers 13936, C.E.P.R. Discussion Papers.
    14. (Grace) Qing Hao & Keming Li, 2021. "Informed options trading prior to insider trades," The Financial Review, Eastern Finance Association, vol. 56(3), pages 459-480, August.
    15. Robert Czech & Gábor Pintér, 2020. "Informed Trading and the Dynamics of Client-Dealer Connections in Corporate Bond Markets," Discussion Papers 2032, Centre for Macroeconomics (CFM).
    16. Di Maggio, Marco & Egan, Mark & Franzoni, Francesco, 2022. "The value of intermediation in the stock market," Journal of Financial Economics, Elsevier, vol. 145(2), pages 208-233.
    17. Hoang, Daniel & Wiegratz, Kevin, 2022. "Machine learning methods in finance: Recent applications and prospects," Working Paper Series in Economics 158, Karlsruhe Institute of Technology (KIT), Department of Economics and Management.
    18. Franzoni, Francesco & Di Maggio, Marco & Massa, Massimo & Tubaldi, Roberto, 2019. "Strategic Trading as a Response to Short Sellers," CEPR Discussion Papers 13812, C.E.P.R. Discussion Papers.
    19. Mullally, Kevin A., 2022. "Outside ownership in the hedge fund industry," Journal of Banking & Finance, Elsevier, vol. 144(C).
    20. Péter Kondor & Gábor Pintér, 2022. "Clients' Connections: Measuring the Role of Private Information in Decentralized Markets," Journal of Finance, American Finance Association, vol. 77(1), pages 505-544, February.
    21. Agarwal, Sumit & He, Jia & Sing, Tien Foo & Song, Changcheng, 2019. "Do real estate agents have information advantages in housing markets?," Journal of Financial Economics, Elsevier, vol. 134(3), pages 715-735.
    22. Acheson, Graeme G. & Coyle, Christopher & Turner, John D., 2018. "Prices and informed trading: Evidence from an early stock market," QUCEH Working Paper Series 2018-05, Queen's University Belfast, Queen's University Centre for Economic History.
    23. Di Maggio, Marco & Franzoni, Francesco & Massa, Massimo & Tubaldi, Roberto, 2024. "Strategic trading as a response to short sellers," Journal of Financial Markets, Elsevier, vol. 69(C).
    24. Mathias S. Kruttli & Phillip J. Monin & Sumudu W. Watugala, 2019. "The Life of the Counterparty: Shock Propagation in Hedge Fund-Prime Broker Credit Networks," Working Papers 19-03, Office of Financial Research, US Department of the Treasury.
    25. Wang, Daphne & Jory, Surendranath R. & Ngo, Thanh, 2020. "The cohabitation of institutional investors with the government: A case study of the TARP–CPP program," Journal of Behavioral and Experimental Finance, Elsevier, vol. 28(C).
    26. Baldauf, Markus & Mollner, Joshua & Yueshen, Bart Zhou, 2024. "Siphoned apart: A portfolio perspective on order flow segmentation," Journal of Financial Economics, Elsevier, vol. 154(C).
    27. Sagade, Satchit & Scharnowski, Stefan & Westheide, Christian, 2022. "Broker colocation and the execution costs of customer and proprietary orders," SAFE Working Paper Series 366, Leibniz Institute for Financial Research SAFE.
    28. Han, Jinhui & Li, Xiaolong & Ma, Guiyuan & Kennedy, Adrian Patrick, 2023. "Strategic trading with information acquisition and long-memory stochastic liquidity," European Journal of Operational Research, Elsevier, vol. 308(1), pages 480-495.
    29. Li, Frank Weikai & Mukherjee, Abhiroop & Sen, Rik, 2021. "Inside brokers," Journal of Financial Economics, Elsevier, vol. 141(3), pages 1096-1118.
    30. Ajay Kumar Mishra & Bhavik Parikh & Ronald W. Spahr, 2021. "Contemporaneous linkages: Funding liquidity and stock market spirals," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(4), pages 5912-5929, October.

  11. Thesmar, David & Landier, Augustin & Ma, Yueran, 2017. "New Experimental Evidence on Expectations Formation," CEPR Discussion Papers 12527, C.E.P.R. Discussion Papers.

    Cited by:

    1. Maggiori, Matteo & Ströbel, Johannes & Giglio, Stefano & Utkus, Stephen P., 2019. "Five Facts About Beliefs and Portfolios," CEPR Discussion Papers 13657, C.E.P.R. Discussion Papers.
    2. Rava Azeredo da Silveira & Michael Woodford, 2019. "Noisy Memory and Over-Reaction to News," NBER Working Papers 25478, National Bureau of Economic Research, Inc.
    3. Schwaiger, Rene & Kirchler, Michael & Lindner, Florian & Weitzel, Utz, 2020. "Determinants of investor expectations and satisfaction. A study with financial professionals," Journal of Economic Dynamics and Control, Elsevier, vol. 110(C).
    4. Florian Peters & Simas Kucinskas, 2018. "Measuring Biases in Expectation Formation," Tinbergen Institute Discussion Papers 18-058/IV, Tinbergen Institute.
    5. Du, Kai, 2019. "Investor expectations, earnings management, and asset prices," Journal of Economic Dynamics and Control, Elsevier, vol. 105(C), pages 134-157.
    6. Keqi Chen, 2020. "A Closer Look at Analyst Expectations: Stickiness and Confirmation Bias," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 10(5), pages 1-15.
    7. Colasante, Annarita & Alfarano, Simone & Camacho-Cuena, Eva, 2018. "The term structure of cross-sectional dispersion of expectations in a Learning-to-Forecast Experiment," MPRA Paper 84835, University Library of Munich, Germany.
    8. Adam Majewski & Stefano Ciliberti & Jean-Philippe Bouchaud, 2018. "Co-existence of Trend and Value in Financial Markets: Estimating an Extended Chiarella Model," Papers 1807.11751, arXiv.org.
    9. Majewski, Adam A. & Ciliberti, Stefano & Bouchaud, Jean-Philippe, 2020. "Co-existence of trend and value in financial markets: Estimating an extended Chiarella model," Journal of Economic Dynamics and Control, Elsevier, vol. 112(C).
    10. Malmendier, Ulrike M. & Botsch, Matthew J., 2020. "The Long Shadows of the Great Inflation: Evidence from Residential Mortgages," CEPR Discussion Papers 14934, C.E.P.R. Discussion Papers.

  12. Augustin Landier & Guillaume Plantin, 2017. "Taxing the Rich," Sciences Po Economics Publications (main) hal-03391964, HAL.

    Cited by:

    1. Georges Casamatta, 2021. "Optimal income taxation with tax avoidance," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 23(3), pages 534-550, June.
    2. Plantin, Guillaume & Acharya, Viral, 2018. "Monetary Easing, Investment and Financial Instability," CEPR Discussion Papers 13072, C.E.P.R. Discussion Papers.
    3. Alstadsæter, Annette & Johannesen, Niels & Le Guern Herry, Ségal & Zucman, Gabriel, 2022. "Tax evasion and tax avoidance," Journal of Public Economics, Elsevier, vol. 206(C).
    4. Sala, Hector, 2018. "A Fresh Look at Fiscal Redistribution and Inequality in the US across Electoral Cycles," IZA Discussion Papers 11839, Institute of Labor Economics (IZA).
    5. Bag, Parimal K. & Wang, Peng, 2021. "Income tax evasion and audits under common and idiosyncratic shocks," Journal of Economic Behavior & Organization, Elsevier, vol. 184(C), pages 99-116.
    6. Georges Casamatta, 2023. "Optimal income taxation with tax avoidance and endogenous labor supply," Post-Print hal-04015963, HAL.

  13. Christophe Cahn & Mattia Girotti & Augustin Landier, 2017. "Entrepreneurship and Information on Past Failures: A Natural Experiment," Working papers 644, Banque de France.

    Cited by:

    1. Aleksandra Baros & Ettore Croci & Mattia Girotti & Federica Salvad, 2023. "Information Salience and Credit Supply: Evidence from Payment Defaults on Trade Bills," Working papers 918, Banque de France.
    2. Chloé Zapha & Banque de France, 2023. "Access to Credit after Emerging from Corporate Bankruptcy," Working Papers halshs-03957890, HAL.
    3. Hellmann, Thomas & Montag, Alexander & Tåg, Joacim, 2024. "Tolerating Losses for Growth: J-Curves in Venture Capital Investing," Working Paper Series 1500, Research Institute of Industrial Economics.

  14. Augustin Landier & Guillaume Plantin, 2017. "Taxing the Rich," Post-Print hal-03391964, HAL.

    Cited by:

    1. Georges Casamatta, 2021. "Optimal income taxation with tax avoidance," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 23(3), pages 534-550, June.
    2. Plantin, Guillaume & Acharya, Viral, 2018. "Monetary Easing, Investment and Financial Instability," CEPR Discussion Papers 13072, C.E.P.R. Discussion Papers.
    3. Alstadsæter, Annette & Johannesen, Niels & Le Guern Herry, Ségal & Zucman, Gabriel, 2022. "Tax evasion and tax avoidance," Journal of Public Economics, Elsevier, vol. 206(C).
    4. Sala, Hector, 2018. "A Fresh Look at Fiscal Redistribution and Inequality in the US across Electoral Cycles," IZA Discussion Papers 11839, Institute of Labor Economics (IZA).
    5. Bag, Parimal K. & Wang, Peng, 2021. "Income tax evasion and audits under common and idiosyncratic shocks," Journal of Economic Behavior & Organization, Elsevier, vol. 184(C), pages 99-116.
    6. Georges Casamatta, 2023. "Optimal income taxation with tax avoidance and endogenous labor supply," Post-Print hal-04015963, HAL.

  15. Thesmar , David & Bouchaud, Jean-Philippe & Krueger , Philipp & Landier , Augustin, 2016. "Sticky Expectations and Stock Market Anomalies," HEC Research Papers Series 1136, HEC Paris.

    Cited by:

    1. Johannes Maier & Clemens König, 2016. "A Model of Reference-Dependent Belief Updating," CESifo Working Paper Series 6156, CESifo.
    2. Ulrike Malmendier, 2018. "Behavioral Corporate Finance," NBER Working Papers 25162, National Bureau of Economic Research, Inc.
    3. Jean-Philippe Bouchaud & Stefano Ciliberti & Augustin Landier & Guillaume Simon & David Thesmar, 2016. "The Excess Returns of "Quality" Stocks: A Behavioral Anomaly," Papers 1601.04478, arXiv.org.
    4. Keqi Chen, 2020. "A Closer Look at Analyst Expectations: Stickiness and Confirmation Bias," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 10(5), pages 1-15.

  16. Jean-Philippe Bouchaud & Philipp Krueger & Augustin Landier & David Thesmar, 2016. "Sticky Expectations and the Profitability Anomaly," Swiss Finance Institute Research Paper Series 16-60, Swiss Finance Institute.

    Cited by:

    1. Marco Bade & Hans Hirth, 2025. "How underinvestment reduces underpricing," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 30(2), pages 1689-1706, April.
    2. Benjamin Born & Zeno Enders & Manuel Menkhoff & Gernot J. Müller & Knut Niemann, 2023. "Firm Expectations and News: Micro v Macro," ifo Working Paper Series 400, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    3. Qiao, Fang, 2024. "Do analysts disseminate anomaly information in China?," Journal of Banking & Finance, Elsevier, vol. 165(C).
    4. Wang, Y. & Wang, J. & He, W., 2022. "Development of efficient, flexible and affordable heat pumps for supporting heat and power decarbonisation in the UK and beyond: Review and perspectives," Renewable and Sustainable Energy Reviews, Elsevier, vol. 154(C).
    5. Tang, Ning & Gao, Mengyao & Zhou, Yixun & Zhou, Fangzhao & Zhu, Jichen, 2024. "Firm-level productivity and stock return: New evidence from China," International Review of Economics & Finance, Elsevier, vol. 96(PA).
    6. Yu, Hsin-Yi & Chen, Li-Wen & Chen, Chang-Yi, 2022. "The profitability effect: An evaluation of alternative explanations," Pacific-Basin Finance Journal, Elsevier, vol. 72(C).
    7. Scott R. Baker & Robert A Farrokhnia & Steffen Meyer & Michaela Pagel & Constantine Yannelis, 2023. "Income, Liquidity, and the Consumption Response to the 2020 Economic Stimulus Payments," Review of Finance, European Finance Association, vol. 27(6), pages 2271-2304.
    8. Flögel, Volker & Schlag, Christian & Zunft, Claudia, 2022. "Momentum-Managed Equity Factors," Journal of Banking & Finance, Elsevier, vol. 137(C).
    9. Jiang, Hao & Li, Sophia Zhengzi & Wang, Hao, 2021. "Pervasive underreaction: Evidence from high-frequency data," Journal of Financial Economics, Elsevier, vol. 141(2), pages 573-599.
    10. Matteo Bizzarri & Daniele d'Arienzo, 2024. "The social value of overreaction to information," Papers 2403.08532, arXiv.org.
    11. Jean Paul Rabanal & Aleksei Chernulich & John Horowitz & Olga A. Rud & Manizha Sharifova, 2019. "Market timing under public and private information," Working Papers 151, Peruvian Economic Association.
    12. Ye, Xixi & Gao, Tao & Zhang, Meijia & Zheng, Zhanhao, 2025. "Concealment and detection: The influence of management tone on analyst forecast revisions," International Review of Financial Analysis, Elsevier, vol. 99(C).
    13. Doron Avramov & Guy Kaplanski & Avanidhar Subrahmanyam, 2022. "Postfundamentals Price Drift in Capital Markets: A Regression Regularization Perspective," Management Science, INFORMS, vol. 68(10), pages 7658-7681, October.
    14. Artūras Juodis & Simas Kučinskas, 2023. "Quantifying noise in survey expectations," Quantitative Economics, Econometric Society, vol. 14(2), pages 609-650, May.
    15. Fabio Bagarello & Francesco Gargano & Polina Khrennikova, 2025. "From Classical Rationality to Contextual Reasoning: Quantum Logic as a New Frontier for Human-Centric AI in Finance," Papers 2510.05475, arXiv.org.
    16. Thesmar, David & Landier, Augustin & Ma, Yueran, 2017. "New Experimental Evidence on Expectations Formation," CEPR Discussion Papers 12527, C.E.P.R. Discussion Papers.
    17. Roberto Gómez‐Cram, 2022. "Late to Recessions: Stocks and the Business Cycle," Journal of Finance, American Finance Association, vol. 77(2), pages 923-966, April.
    18. Leland E. Farmer & Lawrence Schmidt & Allan Timmermann, 2023. "Pockets of Predictability," Journal of Finance, American Finance Association, vol. 78(3), pages 1279-1341, June.
    19. Pedro Bordalo & Nicola Gennaioli & Rafael La Porta & Andrei Shleifer, 2017. "Diagnostic Expectations and Stock Returns," NBER Working Papers 23863, National Bureau of Economic Research, Inc.
    20. Martínez-de-Albéniz, Victor & Belkaid, Abdel, 2021. "Here comes the sun: Fashion goods retailing under weather fluctuations," European Journal of Operational Research, Elsevier, vol. 294(3), pages 820-830.
    21. R. Jared DeLisle & H. Zafer Yüksel & Gulnara R. Zaynutdinova, 2020. "What'S In A Name? A Cautionary Tale Of Profitability Anomalies And Limits To Arbitrage," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 43(2), pages 305-344, May.
    22. Enke, Benjamin & Schwerter, Frederik & Zimmermann, Florian, 2024. "Associative memory, beliefs and market interactions," Journal of Financial Economics, Elsevier, vol. 157(C).
    23. Yueran Ma & Tiziano Ropele & David Sraer & David Thesmar, 2020. "A Quantitative Analysis of Distortions in Managerial Forecasts," NBER Working Papers 26830, National Bureau of Economic Research, Inc.
    24. Born, Benjamin & Enders, Zeno & Müller, Gernot J., 2023. "On FIRE, news, and expectations," Working Papers 42, German Research Foundation's Priority Programme 1859 "Experience and Expectation. Historical Foundations of Economic Behaviour", Humboldt University Berlin.
    25. Zihang Peng, 2023. "Do risk exposures explain accounting anomalies? A new testing method," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 63(3), pages 2965-2983, September.
    26. Bender, Svetlana & Choi, James J. & Dyson, Danielle & Robertson, Adriana Z., 2022. "Millionaires speak: What drives their personal investment decisions?," Journal of Financial Economics, Elsevier, vol. 146(1), pages 305-330.
    27. Han, Leyla Jianyu, 2025. "Announcements, expectations, and stock returns with asymmetric information," Journal of Monetary Economics, Elsevier, vol. 151(C).
    28. Chaudhry, Aditya, 2025. "The impact of prices on analyst cash flow expectations: Reconciling subjective beliefs data with rational discount rate variation," Journal of Financial Economics, Elsevier, vol. 171(C).
    29. Chemla, Gilles & Hennessy, Christopher, 2019. "Equilibrium Counterfactuals," CEPR Discussion Papers 14146, C.E.P.R. Discussion Papers.
    30. Hagenhoff, Tim & Lustenhouwer, Joep, 2020. "The role of stickiness, extrapolation and past consensus forecasts in macroeconomic expectations," BERG Working Paper Series 163, Bamberg University, Bamberg Economic Research Group.
    31. Kerry Xiao & Amy Zang, 2025. "Vague Knowledge: Evidence from Analyst Reports," Papers 2505.12269, arXiv.org, revised May 2025.
    32. Karnaukh, Nina & Vokata, Petra, 2022. "Growth forecasts and news about monetary policy," Journal of Financial Economics, Elsevier, vol. 146(1), pages 55-70.
    33. Jules H van Binsbergen & Xiao Han & Alejandro Lopez-Lira, 2023. "Man versus Machine Learning: The Term Structure of Earnings Expectations and Conditional Biases," The Review of Financial Studies, Society for Financial Studies, vol. 36(6), pages 2361-2396.
    34. Kale, Arati & Kale, Devendra, 2023. "Do exogenous economic crises change investors’ response to earnings announcements?: A detailed review using the data from COVID-19 pandemic," The Journal of Economic Asymmetries, Elsevier, vol. 28(C).
    35. Gilles Chemla & Christopher Hennessy, 2021. "Equilibrium Counterfactuals," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 62(2), pages 639-669, May.
    36. Pedro Bordalo & Nicola Gennaioli & Rafael La Porta & Andrei Shleifer, 2020. "Belief Overreaction and Stock Market Puzzles," NBER Working Papers 27283, National Bureau of Economic Research, Inc.
    37. Li, Lin & Liu, Kunyu & Li, Guoping, 2024. "What can analyst forecasts tell us about imperfect information?," International Review of Economics & Finance, Elsevier, vol. 92(C), pages 1059-1073.
    38. Giuseppe Matera, 2025. "Corporate Earnings Calls and Analyst Beliefs," Papers 2511.15214, arXiv.org, revised Nov 2025.
    39. Mönch, Emanuel & Stein, Tobias, 2021. "Equity premium predictability over the business cycle," Discussion Papers 25/2021, Deutsche Bundesbank.
    40. Hagenhoff, Tim & Lustenhouwer, Joep, 2023. "The role of stickiness, extrapolation and past consensus forecasts in macroeconomic expectations," Journal of Economic Dynamics and Control, Elsevier, vol. 149(C).
    41. David Hirshleifer, 2020. "Presidential Address: Social Transmission Bias in Economics and Finance," Journal of Finance, American Finance Association, vol. 75(4), pages 1779-1831, August.
    42. Pablo Pastory y Camarasa & Martien Lamers, 2023. "Do Actions Follow Words? How bank sentiment predicts credit growth," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 23/1073, Ghent University, Faculty of Economics and Business Administration.
    43. Chernulich, Aleksei & Horowitz, John & Rabanal, Jean Paul & Rud, Olga A & Sharifova , Manizha, 2021. "Entry and exit decisions under public and private information: An experiment," UiS Working Papers in Economics and Finance 2021/3, University of Stavanger.
    44. Aleksei Chernulich & John Horowitz & Jean Paul Rabanal & Olga Rud & Manizha Sharifova, 2023. "Entry and exit decisions under public and private information: an experiment," Experimental Economics, Springer;Economic Science Association, vol. 26(2), pages 339-356, April.
    45. Li, Ye & Wang, Chen, 2025. "The Information Cliff," SocArXiv bf8cx_v1, Center for Open Science.
    46. Zhang, Yue & Wang, Caiping & Chen, Yufei, 2024. "Foreign ownership, institutional distance and mutual fund performance: Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 87(C).
    47. Donggyu Kim & Minseok Shin, 2024. "Nonconvex High-Dimensional Time-Varying Coefficient Estimation for Noisy High-Frequency Observations with a Factor Structure," Working Papers 202418, University of California at Riverside, Department of Economics.
    48. Rizzo, Emanuele, 2018. "Essays on corporate governance and the impact of regulation on financial markets," Other publications TiSEM b5158260-ea13-4763-b992-6, Tilburg University, School of Economics and Management.
    49. Florent Benaych-Georges & Jean-Philippe Bouchaud & Stefano Ciliberti, 2020. "Equity Factors: To Short Or Not To Short, That Is The Question," Papers 2003.10419, arXiv.org, revised Apr 2021.
    50. Guo, Xu & Lin, Hai & Wu, Chunchi & Zhou, Guofu, 2022. "Predictive information in corporate bond yields," Journal of Financial Markets, Elsevier, vol. 59(PB).
    51. Vincent, Kendro & Hsu, Yu-Chin & Lin, Hsiou-Wei, 2021. "Investment styles and the multiple testing of cross-sectional stock return predictability," Journal of Financial Markets, Elsevier, vol. 56(C).
    52. Liu, Laura Xiaolei & Zhu, Yandi & Zhang, Xinyu & Zhang, Yingguang, 2023. "Expectation disarray: Analysts' growth forecast anomaly in China," Pacific-Basin Finance Journal, Elsevier, vol. 82(C).
    53. Augustin Landier & David Thesmar, 2020. "Earnings Expectations in the COVID Crisis," NBER Working Papers 27160, National Bureau of Economic Research, Inc.
    54. Fieberg, Christian & Liedtke, Gerrit & Zaremba, Adam & Cakici, Nusret, 2025. "A factor model for the cross-section of country equity risk premia," Journal of Banking & Finance, Elsevier, vol. 171(C).
    55. Francesco Bianchi & Sydney C. Ludvigson & Sai Ma, 2020. "Belief Distortions and Macroeconomic Fluctuations," NBER Working Papers 27406, National Bureau of Economic Research, Inc.
    56. Chen, Heng & Li, Xu & Pei, Guangyu & Xin, Qian, 2024. "Heterogeneous overreaction in expectation formation: Evidence and theory," Journal of Economic Theory, Elsevier, vol. 218(C).
    57. Xin Chen & Wei He & Libin Tao & Jianfeng Yu, 2023. "Attention and Underreaction-Related Anomalies," Management Science, INFORMS, vol. 69(1), pages 636-659, January.
    58. Yin, Libo & Wei, Ya & Han, Liyan, 2020. "Firms' profit instability and the cross-section of stock returns: Evidence from China," Research in International Business and Finance, Elsevier, vol. 53(C).
    59. Cho-Hoi Hui & Chi-Fai Lo & Chi-Hei Liu, 2023. "Equity Price Dynamics under Shocks: In Distress or Short Squeeze," Risks, MDPI, vol. 12(1), pages 1-19, December.
    60. Ye Li & Chen Wang, 2023. "Valuation Duration of the Stock Market," Papers 2310.07110, arXiv.org.
    61. Hagenhoff, Tim & Lustenhouwer, Joep, 2020. "The role of stickiness, extrapolation and past consensus forecasts in macroeconomic expectations," Working Papers 0686, University of Heidelberg, Department of Economics.
    62. Artikis, Panagiotis G. & Diamantopoulou, Lydia & Papanastasopoulos, Georgios A. & Sorros, John N., 2022. "Asset growth and stock returns in european equity markets: Implications of investment and accounting distortions," Journal of Corporate Finance, Elsevier, vol. 73(C).
    63. Bogousslavsky, Vincent, 2021. "The cross-section of intraday and overnight returns," Journal of Financial Economics, Elsevier, vol. 141(1), pages 172-194.
    64. Guo, Li & Li, Frank Weikai & John Wei, K.C., 2020. "Security analysts and capital market anomalies," Journal of Financial Economics, Elsevier, vol. 137(1), pages 204-230.
    65. Zhou, Ye & Huang, Difang & Chen, Muzi & Wang, Yunlong & Yang, Xiaoguang, 2024. "How did small business respond to unexpected shocks? Evidence from a natural experiment in China," Journal of Corporate Finance, Elsevier, vol. 84(C).
    66. Lars A. Lochstoer & Tyler Muir, 2022. "Volatility Expectations and Returns," Journal of Finance, American Finance Association, vol. 77(2), pages 1055-1096, April.
    67. Zaremba, Adam & Cakici, Nusret & Bianchi, Robert J. & Long, Huaigang, 2023. "Interest rate changes and the cross-section of global equity returns," Journal of Economic Dynamics and Control, Elsevier, vol. 147(C).

  17. Jean-Philippe Bouchaud & Stefano Ciliberti & Augustin Landier & Guillaume Simon & David Thesmar, 2016. "The Excess Returns of "Quality" Stocks: A Behavioral Anomaly," Papers 1601.04478, arXiv.org.

    Cited by:

    1. Thillaikkoothan Palanichamy & Parthajit Kayal, 2022. "Multiple Dimensions of Cyclicality in Investing," Working Papers 2022-216, Madras School of Economics,Chennai,India.
    2. Rizzo, Emanuele, 2018. "Essays on corporate governance and the impact of regulation on financial markets," Other publications TiSEM b5158260-ea13-4763-b992-6, Tilburg University, School of Economics and Management.
    3. Asness, Clifford & Frazzini, Andrea & Israel, Ronen & Moskowitz, Tobias J. & Pedersen, Lasse H., 2018. "Size matters, if you control your junk," Journal of Financial Economics, Elsevier, vol. 129(3), pages 479-509.
    4. Rai, Anish & Mahata, Ajit & Nurujjaman, Md & Majhi, Sushovan & Debnath, Kanish, 2022. "A sentiment-based modeling and analysis of stock price during the COVID-19: U- and Swoosh-shaped recovery," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 592(C).

  18. Thesmar , David & Landier , Augustin, 2015. "The Capacity of Trading Strategies," HEC Research Papers Series 1089, HEC Paris.

    Cited by:

    1. Itzhak Ben-David & Francesco Franzoni & Rabih Moussawi & John Sedunov, 2016. "The Granular Nature of Large Institutional Investors," NBER Working Papers 22247, National Bureau of Economic Research, Inc.
    2. Thesmar, David & Bouchaud, Jean-Philippe & Krueger, Philipp & Landier, Augustin, 2017. "Sticky Expectations and the Profi tability Anomaly," CEPR Discussion Papers 12528, C.E.P.R. Discussion Papers.
    3. Jean-Philippe Bouchaud & Stefano Ciliberti & Augustin Landier & Guillaume Simon & David Thesmar, 2016. "The Excess Returns of "Quality" Stocks: A Behavioral Anomaly," Papers 1601.04478, arXiv.org.
    4. Michael J. O'Neill & Geoffrey J. Warren, 2019. "Evaluating fund capacity: issues and methods," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 59(S1), pages 773-800, April.

  19. Thesmar, David & Landier, Augustin & Sraer, David, 2014. "Banking Integration and House Price Comovement," CEPR Discussion Papers 10295, C.E.P.R. Discussion Papers.

    Cited by:

    1. Franzoni, Francesco & Ben-David, Itzhak & Moussawi, Rabih & Sedunov, John, 2019. "The Granular Nature of Large Institutional Investors," CEPR Discussion Papers 13427, C.E.P.R. Discussion Papers.
    2. Wang, Teng, 2021. "Local banks and the effects of oil price shocks," Journal of Banking & Finance, Elsevier, vol. 125(C).
    3. Atif Mian & Amir Sufi & Emil Verner, 2020. "How Does Credit Supply Expansion Affect the Real Economy? The Productive Capacity and Household Demand Channels," Journal of Finance, American Finance Association, vol. 75(2), pages 949-994, April.
    4. Mr. Adrian Alter & Jane Dokko & Dulani Seneviratne, 2018. "House Price Synchronicity, Banking Integration, and Global Financial Conditions," IMF Working Papers 2018/250, International Monetary Fund.
    5. Torsten Ehlers & Mathias Hoffmann & Alexander Raabe, 2020. "Non-US global banks and dollar (co-)dependence: how housing markets became internationally synchronized," ECON - Working Papers 374, Department of Economics - University of Zurich.
    6. Roland Füss & Daniel Ruf, 2018. "Office Market Interconnectedness and Systemic Risk Exposure," Working Papers on Finance 1830, University of St. Gallen, School of Finance.
    7. Kilian Huber, 2020. "Are Bigger Banks Better? Firm-Level Evidence from Germany," CESifo Working Paper Series 8746, CESifo.
    8. Choi, Chi-Young & Hansz, J. Andrew, 2021. "From banking integration to housing market integration - Evidence from the comovement of U.S. Metropolitan House Prices," Journal of Financial Stability, Elsevier, vol. 54(C).
    9. Bremus, Franziska & Krause, Thomas & Noth, Felix, 2021. "Lender-specific mortgage supply shocks and macroeconomic performance in the United States," IWH Discussion Papers 3/2021, Halle Institute for Economic Research (IWH).
    10. An, Galina & Becker, Charles & Cheng, Enoch, 2021. "Housing price appreciation and economic integration in a transition economy: Evidence from Kazakhstan," Journal of Housing Economics, Elsevier, vol. 52(C).
    11. Kundu, Shohini & Vats, Nishant, 2025. "Banking networks and economic growth: from idiosyncratic shocks to aggregate fluctuations," Working Paper Series 3019, European Central Bank.
    12. Weida Kuang & Qilin Wang, 2018. "Cultural similarities and housing market linkage: evidence from OECD countries," Frontiers of Business Research in China, Springer, vol. 12(1), pages 1-25, December.
    13. Ji‐Yong Seo, 2023. "Household loan portfolios and financial characteristics of Korean banks," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 37(2), pages 76-95, November.
    14. Franziska Bremus & Thomas Krause & Felix Noth, 2021. "Lender-Specific Mortgage Supply Shocks and Macroeconomic Performance in the United States," Discussion Papers of DIW Berlin 1936, DIW Berlin, German Institute for Economic Research.
    15. Kose John & Qianru Qi & Jing Wang, 2020. "Bank Integration and the Market for Corporate Control: Evidence from Cross-State Acquisitions," Management Science, INFORMS, vol. 66(7), pages 3277-3294, July.
    16. Eva Bund & Ulrike Gerhard, 2021. "The Role of Institutional and Structural Differences for City-Specific Arrangements of Urban Migration Regimes," Urban Planning, Cogitatio Press, vol. 6(2), pages 68-79.
    17. Marcel Fischer & Roland Füss & Simon Stehle, 2021. "Local house price comovements," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 49(S1), pages 169-198, March.
    18. Bremus, Franziska & Ludolph, Melina, 2021. "The nexus between loan portfolio size and volatility: Does bank capital regulation matter?," Journal of Banking & Finance, Elsevier, vol. 127(C).
    19. Teng Wang, 2020. "Branching Networks and Geographic Contagion of Commodity Price Shocks," Finance and Economics Discussion Series 2020-034, Board of Governors of the Federal Reserve System (U.S.).
    20. Lei Hou & Wei Long & Qi Li, 2019. "Comovement of Home Prices: A Conditional Copula Approach," Annals of Economics and Finance, Society for AEF, vol. 20(1), pages 297-318, May.
    21. Milcheva, Stanimira & Zhu, Bing, 2016. "Bank integration and co-movements across housing markets," Journal of Banking & Finance, Elsevier, vol. 72(S), pages 148-171.
    22. Hurn, Stan & Shi, Shuping & Wang, Ben, 2022. "Housing networks and driving forces," Journal of Banking & Finance, Elsevier, vol. 134(C).
    23. Filippo De Marco & Silvio Petriconi, 2019. "Bank Competition and Information Production," BAFFI CAREFIN Working Papers 19130, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    24. Tobias König, 2025. "Financial Constraints and the Micro Origins of Aggregate Equity Shocks in Capital Markets," CRC TR 224 Discussion Paper Series crctr224_2025_675, University of Bonn and University of Mannheim, Germany.
    25. Noth, Felix & Ossandon Busch, Matias, 2021. "Banking globalization, local lending, and labor market effects: Micro-level evidence from Brazil," Journal of Financial Stability, Elsevier, vol. 56(C).
    26. Sihan Zhang & Ming‐ang Zhang & Weizeng Sun, 2022. "Administrative Division Adjustment and Housing Price Comovement: Evidence from City‐County Mergers in China," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 30(4), pages 149-173, July.
    27. Franziska Bremus & Melina Ludolph, 2019. "The Nexus between Loan Portfolio Size and Volatility: Does Banking Regulation Matter?," Discussion Papers of DIW Berlin 1822, DIW Berlin, German Institute for Economic Research.
    28. Cheol Eun & Lingling Wang & Tim Zhang, 2022. "House Price Growth Synchronization and Business Cycle Alignment," The Journal of Real Estate Finance and Economics, Springer, vol. 65(4), pages 675-710, November.
    29. Xufeng Jiang & Zelu Jia & Lefei Li & Tianhong Zhao, 2022. "Understanding Housing Prices Using Geographic Big Data: A Case Study in Shenzhen," Sustainability, MDPI, vol. 14(9), pages 1-20, April.
    30. Atif Mian & Amir Sufi & Emil Verner, 2017. "How do Credit Supply Shocks Affect the Real Economy? Evidence from the United States in the 1980s," NBER Working Papers 23802, National Bureau of Economic Research, Inc.
    31. Vats, Nishant & Kundu, Shohini, 2021. "Banking networks and economic growth: from idiosyncratic shocks to aggregate fluctuations," ESRB Working Paper Series 128, European Systemic Risk Board.
    32. Ha, Dao & Gillet, Philippe & Le, Phuong & Vo, Dinh-Tri, 2020. "Banking integration in ASEAN-6: An empirical investigation," Economic Modelling, Elsevier, vol. 91(C), pages 705-719.

  20. Julius Bonart & Jean-Philippe Bouchaud & Augustin Landier & David Thesmar, 2014. "Instabilities in large economies: aggregate volatility without idiosyncratic shocks," Papers 1406.5022, arXiv.org.

    Cited by:

    1. Stanislao Gualdi & Antoine Mandel, 2015. "On the emergence of scale-free production networks," Documents de travail du Centre d'Economie de la Sorbonne 15060, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
    2. Gualdi, Stanislao & Tarzia, Marco & Zamponi, Francesco & Bouchaud, Jean-Philippe, 2015. "Tipping points in macroeconomic agent-based models," Journal of Economic Dynamics and Control, Elsevier, vol. 50(C), pages 29-61.
    3. Steve Keen, 2015. "Post Keynesian Theories of Crisis," American Journal of Economics and Sociology, Wiley Blackwell, vol. 74(2), pages 298-324, March.
    4. Jean-Philippe Bouchaud & Stanislao Gualdi & Marco Tarzia & Francesco Zamponi, 2018. "Optimal inflation target: insights from an agent-based model," Post-Print hal-01768441, HAL.
    5. Dessertaine, Théo & Moran, José & Benzaquen, Michael & Bouchaud, Jean-Philippe, 2022. "Out-of-equilibrium dynamics and excess volatility in firm networks," Journal of Economic Dynamics and Control, Elsevier, vol. 138(C).
    6. Pangallo, Marco, 2025. "Synchronization of endogenous business cycles," Journal of Economic Behavior & Organization, Elsevier, vol. 229(C).
    7. Bouchaud, Jean-Philippe & Gualdi, Stanislao & Tarzia, Marco & Zamponi, Francesco, 2018. "Optimal inflation target: Insights from an agent-based model," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 12, pages 1-27.

  21. Thesmar, David & Landier, Augustin & Sraer, David, 2014. "Banks Exposure to Interest Rate Risk and The Transmission of Monetary Policy," CEPR Discussion Papers 10300, C.E.P.R. Discussion Papers.

    Cited by:

    1. Camelia Minoiu & Andrés Schneider & Min Wei, 2025. "Why Does the Yield Curve Predict GDP Growth? The Role of Banks," FRB Atlanta Working Paper 2025-5, Federal Reserve Bank of Atlanta.
    2. Daniel L. Greenwald & John Krainer & Pascal Paul, 2024. "Monetary Transmission through Bank Securities Portfolios," Working Paper Series 2023-18, Federal Reserve Bank of San Francisco.
    3. Özbekler, Ali Gencay & Kontonikas, Alexandros & Triantafyllou, Athanasios, 2021. "Volatility forecasting in European government bond markets," International Journal of Forecasting, Elsevier, vol. 37(4), pages 1691-1709.
    4. Ampudia, Miguel & Georgarakos, Dimitris & Slacalek, Jiri & Tristani, Oreste & Vermeulen, Philip & Violante, Giovanni L., 2018. "Monetary policy and household inequality," Working Paper Series 2170, European Central Bank.
    5. Charles S. Morris & Kristen Regehr, 2014. "What explains low net interest income at community banks?," Economic Review, Federal Reserve Bank of Kansas City, issue Q II, pages 59-87.
    6. Zhang Chen & Ibrahim Sakouba, 2021. "Impact of the number of bonds on bond portfolio exposure to interest rate risk," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(3), pages 4777-4797, July.
    7. Claußen, Catharina & Platte, Daniel, 2023. "Evaluating the validity of regulatory interest rate risk measures – a simulation approach," Journal of Banking & Finance, Elsevier, vol. 154(C).
    8. Luminita Gabriela ISTRATE & Bogdan Stefan IONESCU & Maria-Monica HARALAMBIE, 2016. "Aspects of the impact of interest rate development on the probability of default," The Audit Financiar journal, Chamber of Financial Auditors of Romania, vol. 14(142), pages 1149-1149, October.
    9. Juliane Begenau & Monika Piazzesi & Martin Schneider, 2015. "Banks' Risk Exposures," NBER Working Papers 21334, National Bureau of Economic Research, Inc.
    10. Tsai, Pei-Hsuan & Wang, Ying-Wei & Chang, Wen-Chang, 2023. "Hybrid MADM-based study of key risk factors in house-for-pension reverse mortgage lending in Taiwan's banking industry," Socio-Economic Planning Sciences, Elsevier, vol. 86(C).
    11. Itamar Drechsler & Alexi Savov & Philipp Schnabl, 2021. "Banking on Deposits: Maturity Transformation without Interest Rate Risk," Journal of Finance, American Finance Association, vol. 76(3), pages 1091-1143, June.
    12. Raymond Kim, 2024. "Hedging securities and Silicon Valley Bank idiosyncrasies," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 44(4), pages 653-672, April.
    13. Athanasios Koukouridis, 2025. "Bank Profitability in Times of Quantitative Easing: The Role of Central Bank Transparency," Economies, MDPI, vol. 13(6), pages 1-35, June.
    14. Andreas Schrimpf & Semyon Malamud, 2017. "Intermediation Markups and Monetary Policy Passthrough," 2017 Meeting Papers 812, Society for Economic Dynamics.
    15. Tobias Adrian & Nina Boyarchenko & Or Shachar, 2016. "Dealer balance sheets and bond liquidity provision," Staff Reports 803, Federal Reserve Bank of New York.
    16. Oscar Manco López & Santiago Medina Hurtado & Oscar Botero & Fran�ois Legendre, 2018. "Risk assessment methodology: implementation of duration gap in corporate portfolios in order to reduce the systemic risk," Estudios Gerenciales, Universidad Icesi, vol. 34(146), pages 34-41.
    17. Luigi Infante & Stefano Piermattei & Raffaele Santioni & Bianca Sorvillo, 2020. "Diversifying away risks through derivatives: an analysis of the Italian banking system," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 37(2), pages 621-657, July.
    18. , & Ozdagli, Ali & Ippolito, Filippo, 2013. "Is Bank Debt Special for the Transmission of Monetary Policy? Evidence from the Stock Market," CEPR Discussion Papers 9696, C.E.P.R. Discussion Papers.
    19. Uluc Aysun, 2025. "Maturity mismatches and the transmission of term premium shocks through bank lending," Working Papers 2025-01, University of Central Florida, Department of Economics.
    20. Jondeau, Eric & Khalilzadeh, Amir, 2022. "Predicting the stressed expected loss of large U.S. banks," Journal of Banking & Finance, Elsevier, vol. 134(C).
    21. Mr. Tümer Kapan & Ms. Camelia Minoiu, 2013. "Balance Sheet Strength and Bank Lending During the Global Financial Crisis," IMF Working Papers 2013/102, International Monetary Fund.
    22. Xuanling Ma & Meng Ji, 2023. "Analysis of the risk transmission mechanism of monetary policy in the monetary and financial service sectors from the perspective of asset-liability management," PLOS ONE, Public Library of Science, vol. 18(10), pages 1-16, October.
    23. Jaiswal, Sreeja & Balietti, Anca & Schäffer, Daniel, 2023. "Environmental Protection and Labor Market Composition," Working Papers 0736, University of Heidelberg, Department of Economics.
    24. Jérôme Creel & Paul Hubert & Mathilde Viennot, 2015. "The Effect of ECB Monetary Policies on Interest Rates and Volumes," Working Papers hal-03459679, HAL.
    25. Rampini, Adriano A. & Viswanathan, S. & Vuillemey, Guillaume, 2019. "Risk Management in Financial Institutions," CEPR Discussion Papers 13787, C.E.P.R. Discussion Papers.
    26. Paul, Pascal, 2023. "Banks, maturity transformation, and monetary policy," Journal of Financial Intermediation, Elsevier, vol. 53(C).
    27. Marco Di Maggio & Amir Kermani & Christopher Palmer, 2016. "How Quantitative Easing Works: Evidence on the Refinancing Channel," NBER Working Papers 22638, National Bureau of Economic Research, Inc.
    28. Filippo De Marco & Tomasz Wieladek, 2015. "The real effects of capital requirements and monetary policy: evidence from the United Kingdom," Bank of England working papers 573, Bank of England.
    29. Acharya, Viral V. & Imbierowicz, Björn & Steffen, Sascha & Teichmann, Daniel, 2019. "Does the lack of financial stability impair the transmission of monetary policy?," Discussion Papers 48/2019, Deutsche Bundesbank.
    30. Grosse-Rueschkamp, Benjamin & Steffen, Sascha & Streitz, Daniel, 2019. "A capital structure channel of monetary policy," Journal of Financial Economics, Elsevier, vol. 133(2), pages 357-378.
    31. Raymond Kim, 2021. "Disproportionate costs of uncertainty: Small bank hedging and Dodd‐Frank," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 41(5), pages 686-709, May.
    32. Pietro Grandi & Jean Belin & Elisa Darriet & Marianne Guille, 2024. "SMEs, R &D financing, and credit shocks," Small Business Economics, Springer, vol. 63(1), pages 325-347, June.
    33. Claessens, Stijn & Coleman, Nicholas & Donnelly, Michael, 2018. "“Low-For-Long” interest rates and banks’ interest margins and profitability: Cross-country evidence," Journal of Financial Intermediation, Elsevier, vol. 35(PA), pages 1-16.
    34. Heider, Florian & Saidi, Farzad & Schepens, Glenn, 2018. "Life below zero: bank lending under negative policy rates," Working Paper Series 2173, European Central Bank.
    35. Christoph Basten & Benjamin Guin & Cathérine Tahmee Koch, 2017. "How Do Banks and Households Manage Interest Rate Risk? Evidence from the Swiss Mortgage Market," CESifo Working Paper Series 6649, CESifo.
    36. Edmund Crawley & Andreas Kuchler, 2020. "Consumption Heterogeneity: Micro Drivers and Macro Implications," Finance and Economics Discussion Series 2020-005, Board of Governors of the Federal Reserve System (U.S.).
    37. Sebastian Di Tella & Pablo Kurlat, 2017. "Why are Banks Exposed to Monetary Policy?," NBER Working Papers 24076, National Bureau of Economic Research, Inc.
    38. Cappelletti, Giuseppe & Marqués-Ibáñez, David & Reghezza, Alessio & Salleo, Carmelo, 2024. "As interest rates surge: flighty deposits and lending," Working Paper Series 2923, European Central Bank.
    39. Mauricio Ulate, 2021. "Alternative Models of Interest Rate Pass-Through in Normal and Negative Territory," International Journal of Central Banking, International Journal of Central Banking, vol. 17(1), pages 3-34, March.
    40. Fatih Altunok & Yavuz Arslan & Steven Ongena, 2023. "Monetary Policy Transmission with Adjustable and Fixed Rate Mortgages: The Role of Credit Supply," Working Papers 202305, University of Liverpool, Department of Economics.
    41. Huang, Yiping & Li, Xiang & Qiu, Han & Yu, Changhua, 2023. "BigTech credit and monetary policy transmission: Micro-level evidence from China," BOFIT Discussion Papers 2/2023, Bank of Finland Institute for Emerging Economies (BOFIT).
    42. Kanda, Joana F. & Pinto, João M. & Silva, Beatriz P., 2025. "The ECB’s APP’s impact on non-financial firms’ cost of borrowing and debt choice," Journal of Financial Stability, Elsevier, vol. 77(C).
    43. Anne Duquerroy & Adrien Matray & Farzad Saidi, 2022. "Tracing Banks' Credit Allocation to their Funding Costs," ECONtribute Discussion Papers Series 150, University of Bonn and University of Cologne, Germany.
    44. Toni Beutler & Robert Bichsel & Adrian Bruhin & Jayson Danton, 2015. "The Impact of Interest Rate Risk on Bank Lending," Cahiers de Recherches Economiques du Département d'économie 15.09, Université de Lausanne, Faculté des HEC, Département d’économie.
    45. Luccas Assis Attilio, 2024. "Transmission and impact of stock market shocks on the world economy," Central Bank Review, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, vol. 24(1).
    46. Elyasiani, Elyas & Jia, Jingyi (Jane), 2019. "Relative performance and systemic risk contributions of small and large banks during the financial crisis," The Quarterly Review of Economics and Finance, Elsevier, vol. 74(C), pages 220-241.
    47. Jérôme Creel & Mathilde Viennot & Paul Hubert, 2013. "Assessing the Interest Rate and Bank Lending Channels of ECB Monetary Policies," Working Papers hal-01064261, HAL.
    48. Mark Egan & Stefan Lewellen & Adi Sunderam, 2022. "The Cross-Section of Bank Value," The Review of Financial Studies, Society for Financial Studies, vol. 35(5), pages 2101-2143.
    49. Konrad Kuhmann, 2025. "Bank Specialization and the Transmission of Euro Area Monetary Policy," Working Papers 2025/06, Latvijas Banka.
    50. Hoffmann, Peter & Langfield, Sam & Pierobon, Federico & Vuillemey, Guillaume, 2018. "Who bears interest rate risk?," Working Paper Series 2176, European Central Bank.
    51. Yu, Gloria Yang, 2025. "Do bank CEOs learn from banking crises?," Journal of Financial Economics, Elsevier, vol. 166(C).
    52. Ruprecht, Benedikt & Entrop, Oliver & Kick, Thomas & Wilkens, Marco, 2013. "Market timing, maturity mismatch, and risk management: Evidence from the banking industry," Discussion Papers 56/2013, Deutsche Bundesbank.
    53. Itamar Drechsler & Alexi Savov & Philipp Schnabl, 2014. "A Model of Monetary Policy and Risk Premia," NBER Working Papers 20141, National Bureau of Economic Research, Inc.
    54. David M. Arseneau, 2020. "How Would U.S. Banks Fare in a Negative Interest Rate Environment?," International Journal of Central Banking, International Journal of Central Banking, vol. 16(5), pages 269-308, October.
    55. Bittner, Christian & Bonfim, Diana & Heider, Florian & Saidi, Farzad & Schepens, Glenn & Soares, Carla, 2022. "The augmented bank balance-sheet channel of monetary policy," Working Paper Series 2745, European Central Bank.
    56. Rhys Bidder & John Krainer & Adam Shapiro, 2021. "De-leveraging or de-risking? How banks cope with loss," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 39, pages 100-127, January.
    57. Samuel Knott & Peter Richardson & Katie Rismanchi & Kallol Sen, 2014. "Financial Stability Paper 31: Understanding the fair value of banks’ loans," Bank of England Financial Stability Papers 31, Bank of England.
    58. Cao, Qingqing, 2024. "Optimal fiscal and monetary policy with collateral constraints," Journal of Economic Dynamics and Control, Elsevier, vol. 161(C).
    59. Benavides-Franco, Julian & Carabali, Jaime & Meneses, Luis Angel & Perez, Alex, 2024. "Understanding the heterogeneity of interest rate adjustments to monetary policy: Evidence for Colombia," Economic Modelling, Elsevier, vol. 139(C).
    60. Mattia Girotti, 2016. "How Monetary Policy Changes Bank Liability Structure and Funding Cost," Working papers 590, Banque de France.
    61. Leonardo Gambacorta & Luigi Guiso & Paolo Emilio Mistrulli & Andrea Pozzi & Anton Tsoy, 2019. "The Cost of Steering in Financial Markets: Evidence from the Mortgage Market," Temi di discussione (Economic working papers) 1252, Bank of Italy, Economic Research and International Relations Area.
    62. Gerlach, Jeffrey R. & Mora, Nada & Uysal, Pinar, 2018. "Bank funding costs in a rising interest rate environment," Journal of Banking & Finance, Elsevier, vol. 87(C), pages 164-186.
    63. Jonas Heipertz & Amine Ouazad & Romain Rancière, 2019. "The Transmission of Shocks in Endogenous Financial Networks: A Structural Approach," NBER Working Papers 26049, National Bureau of Economic Research, Inc.
    64. Coulier, Lara & Pancaro, Cosimo & Reghezza, Alessio, 2024. "Are low interest rates firing back? Interest rate risk in the banking book and bank lending in a rising interest rate environment," Working Paper Series 2950, European Central Bank.
    65. Varotto, Simone & Zhao, Lei, 2018. "Systemic risk and bank size," Journal of International Money and Finance, Elsevier, vol. 82(C), pages 45-70.
    66. Claessens, Stijn & Coleman, Nicholas & Donnelly, Michael, 2017. ""Low-For-Long†Interest Rates and Banks’ Interest Margins and Profitability: Cross-Country Evidence," CEPR Discussion Papers 11842, C.E.P.R. Discussion Papers.
    67. Schnabl, Philipp & Savov, Alexi & Drechsler, Itamar, 2018. "Banking on Deposits: Maturity Transformation without Interest Rate Risk," CEPR Discussion Papers 12950, C.E.P.R. Discussion Papers.
    68. Guillaume Vuillemey, 2015. "Derivatives markets : from bank risk management to financial stability [Les marchés de dérivés : gestion des risques bancaires et stabilité financière]," Sciences Po Economics Publications (main) tel-03507099, HAL.
    69. Jahantigh, Forough & Rahmi Ghasemabadi, Mohammad & Jalali, Omolbanin, 2018. "The Impact of Monetary Policy Shock on the Price of Storable Goods: A Case Study of Food," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 13(4), pages 471-490, October.
    70. Martin Brown, 2020. "Negative Interest Rates and Bank Lending," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 21(01), pages 18-23, April.
    71. Kagerer, Benedikt & Pancaro, Cosimo & Reghezza, Alessio & De Vito, Antonio, 2025. "Hidden weaknesses: the role of unrealized losses in monetary policy transmission," Working Paper Series 3129, European Central Bank.
    72. Andrew Atkeson & Adrien d'Avernas & Andrea Eisfeldt & Pierre-Olivier Weill, 2018. "Government Guarantees and the Valuation of American Banks," 2018 Meeting Papers 847, Society for Economic Dynamics.
    73. Nada Mora, 2014. "The weakened transmission of monetary policy to consumer loan rates," Economic Review, Federal Reserve Bank of Kansas City, issue Q I, pages 1-26.
    74. Michael Kumhof & Xuan Wang, 2020. "Banks, Money, and the Zero Lower Bound on Deposit Rates," Tinbergen Institute Discussion Papers 20-050/VI, Tinbergen Institute.
    75. La Spada, Gabriele, 2018. "Competition, reach for yield, and money market funds," Journal of Financial Economics, Elsevier, vol. 129(1), pages 87-110.
    76. Reiter, Michael & Zessner-Spitzenberg, Leopold, 2023. "Long-term bank lending and the transfer of aggregate risk," Journal of Economic Dynamics and Control, Elsevier, vol. 151(C).
    77. Paludkiewicz, Karol & Fricke, Daniel & Greppmair, Stefan, 2024. "Excess Reserves and Monetary Policy Tightening," VfS Annual Conference 2024 (Berlin): Upcoming Labor Market Challenges 302364, Verein für Socialpolitik / German Economic Association.
    78. Rodney Ramcharan & Amir Kermani & Marco Di Maggio, 2015. "Monetary Policy Pass-Through: Household Consumption and Voluntary Deleveraging," 2015 Meeting Papers 256, Society for Economic Dynamics.
    79. Eva Schliephake, 2016. "Capital Regulation and Competition as a Moderator for Banking Stability," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 48(8), pages 1787-1814, December.
    80. Sylvain Benoit & Christophe Hurlin & Christophe Perignon, 2015. "Implied Risk Exposures," Review of Finance, European Finance Association, vol. 19(6), pages 2183-2222.
    81. Falato, Antonio & Iercosan, Diana & Zikes, Filip, 2025. "Banks as regulated traders," Journal of Financial Economics, Elsevier, vol. 170(C).
    82. Mark Iarovyi & sasson Bar Yosef & Itzhak Venezia, 2017. "Implied Maturity Mismatches and Investor Disagreement," Proceedings of Economics and Finance Conferences 4507072, International Institute of Social and Economic Sciences.
    83. Zull Kepili, Ema Izati, 2020. "The Impact of Macroeconomic Factors on the House Prices during Liberalisation," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 54(2), pages 1-12.
    84. Sanjay Sehgal & Tarunika Jain Agrawal, 2017. "Bank Risk Factors and Changing Risk Exposures in the Pre- and Post-financial Crisis Periods: An Empirical Study for India," Management and Labour Studies, XLRI Jamshedpur, School of Business Management & Human Resources, vol. 42(4), pages 356-378, November.
    85. Leonardo Gambacorta & Luigi Guiso & Paolo Mistrulli & Andrea Pozzi & Anton Tsoy, 2017. "The Cost of Distorted Financial Advice - Evidence from the Mortgage Market," EIEF Working Papers Series 1713, Einaudi Institute for Economics and Finance (EIEF), revised Oct 2017.
    86. Uluc Aysun & Sewon Hur & Zeynep Yom, 2025. "Technology creation and monetary transmission," Working Papers 2025-02, University of Central Florida, Department of Economics.

  22. Landier, Augustin & Sraer, David & Thesmar, David, 2013. "Banking Deregulation and The Rise in House Price Comovement," IDEI Working Papers 799, Institut d'Économie Industrielle (IDEI), Toulouse.

    Cited by:

    1. Füss, Roland & Zietz, Joachim, 2016. "The economic drivers of differences in house price inflation rates across MSAs," Journal of Housing Economics, Elsevier, vol. 31(C), pages 35-53.
    2. C. Labonne & C. Welter-Nicol, 2015. "MERCURE : Cheap Credit, Unaffordable Houses?," Débats Economiques et financiers 20, Banque de France.
    3. Hernández-Murillo, Rubén & Owyang, Michael T. & Rubio, Margarita, 2017. "Clustered housing cycles," Regional Science and Urban Economics, Elsevier, vol. 66(C), pages 185-197.
    4. Sanvi Avouyi-Dovi & Claire Labonne & Rémy Lecat & Simon Ray, 2017. "Insight from a Time-Varying VAR Model with Stochastic Volatility of the French Housing and Credit Markets," Working papers 620, Banque de France.

  23. Biais, Bruno & Landier, Augustin, 2013. "Endogenous agency problems and the dynamics of rents," TSE Working Papers 13-423, Toulouse School of Economics (TSE), revised Jul 2018.

    Cited by:

    1. Adnan Velic, 2023. "On Finance's Heterogeneous Labor Share Dynamics: A Neoclassical Perspective," Trinity Economics Papers tep1523, Trinity College Dublin, Department of Economics.
    2. Michael Böhm & Daniel Metzger & Per Strömberg, 2022. "“Since You’re So Rich, You Must Be Really Smart”: Talent, Rent Sharing, and the Finance Wage Premium," ECONtribute Discussion Papers Series 147, University of Bonn and University of Cologne, Germany.
    3. Ferreira, Daniel & Nikolowa, Radoslawa, 2024. "Prestige, promotion, and pay," LSE Research Online Documents on Economics 118369, London School of Economics and Political Science, LSE Library.
    4. Böhm, Michael Johannes & Metzger, Daniel & Strömberg, Per, 2022. "'Since You're So Rich, You Must Be Really Smart': Talent, Rent Sharing, and the Finance Wage Premium," IZA Discussion Papers 15337, Institute of Labor Economics (IZA).
    5. Jason Roderick Donaldson & Giorgia Piacentino & Anjan Thakor, 2021. "Intermediation Variety," Journal of Finance, American Finance Association, vol. 76(6), pages 3103-3152, December.
    6. Asano, Koji, 2024. "Managing financial expertise," International Review of Economics & Finance, Elsevier, vol. 89(PA), pages 351-365.
    7. Taskin, Ahmet Ali & Yaman, Firat, 2023. "The effect of branching deregulation on finance wage premium," FAU Discussion Papers in Economics 08/2023, Friedrich-Alexander University Erlangen-Nuremberg, Institute for Economics.
    8. Adnan Velic, 2023. "Wages and the Role of Intangibles in Finance," Trinity Economics Papers tep0323, Trinity College Dublin, Department of Economics.
    9. Daniel Ferreira & Radoslawa Nikolowa, 2024. "Prestige, Promotion, and Pay," Journal of Finance, American Finance Association, vol. 79(1), pages 505-540, February.

  24. Gabaix, Xavier & Landier, Augustin & Sauvagnat, Julien, 2013. "CEO Pay and Firm Size: an Update after the Crisis," CEPR Discussion Papers 9498, C.E.P.R. Discussion Papers.

    Cited by:

    1. Cziraki, Peter & Jenter, Dirk, 2021. "The market for CEOs," LSE Research Online Documents on Economics 118872, London School of Economics and Political Science, LSE Library.
    2. Holger M. Mueller & Paige P. Ouimet & Elena Simintzi, 2017. "Within-Firm Pay Inequality," The Review of Financial Studies, Society for Financial Studies, vol. 30(10), pages 3605-3635.
    3. Markus Broman & Debarshi K. Nandy & Yisong S. Tian, 2023. "Industry co-agglomeration, executive mobility and compensation," Review of Quantitative Finance and Accounting, Springer, vol. 61(3), pages 817-854, October.
    4. Sonia Di Giannatale Menegalli & Itza T. Q. Curiel-Cabral, 2013. "Compromises and Incentives," Working Papers DTE 559, CIDE, División de Economía.
    5. Maida, Agata & Pezone, Vincenzo, 2024. "CEO Pay Disclosure and Within-Firm Wage Inequality," IZA Discussion Papers 17243, Institute of Labor Economics (IZA).
    6. Tomislava Pavic Kramaric & Marko Miletic & Petar Pepur, 2023. "The Treynor Ratio as a Risk-adjusted Return of Croatian Listed Firms," International Journal of Economic Sciences, European Research Center, vol. 12(2), pages 92-106, November.
    7. Fernando Núñez & Ángel Arcos-Vargas & Carlos Usabiaga & Pablo Álvarez-de-Toledo, 2022. "On directors’ compensation: a multilevel analysis of Spanish listed companies," Empirical Economics, Springer, vol. 63(4), pages 2173-2207, October.
    8. Geoffrey P. Martin & Robert M. Wiseman & Luis R. Gomez-Mejia, 2020. "The Ethical Dimension of Equity Incentives: A Behavioral Agency Examination of Executive Compensation and Pension Funding," Journal of Business Ethics, Springer, vol. 166(3), pages 595-610, October.
    9. Holger M. Mueller & Paige P. Ouimet & Elena Simintzi, 2015. "Wage Inequality and Firm Growth," NBER Working Papers 20876, National Bureau of Economic Research, Inc.
    10. Li, Yulin & Cheong, Chee Seng & Canil, Jean, 2024. "CEO-employee pay ratio and labor investment efficiency," Finance Research Letters, Elsevier, vol. 67(PA).
    11. Thomas Lemieux & W. Craig Riddell, 2015. "Top Incomes in Canada: Evidence from the Census," NBER Working Papers 21347, National Bureau of Economic Research, Inc.
    12. Mueller, Holger & Simintzi, Elena & Ouimet, Paige, 2015. "Wage Inequality and Firm Growth," CEPR Discussion Papers 10365, C.E.P.R. Discussion Papers.
    13. Jordan van Rijn & Shuwei Zeng & Brent Hueth, 2023. "Do credit unions have distinct objectives? Evidence from executive compensation structures," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 94(1), pages 5-38, March.
    14. Andrés, Pablo de & Arranz-Aperte, Laura, 2019. "Are European CEOs paid equally? A study of the UK-continental Europe pay gap," Finance Research Letters, Elsevier, vol. 29(C), pages 169-177.
    15. Daniel Beck & Gunther Friedl & Peter Schäfer, 2020. "Executive compensation in Germany," Journal of Business Economics, Springer, vol. 90(5), pages 787-824, June.
    16. Uliczka, Niklas, 2023. "When the Celtic Tiger relaxed its corporate tax bite: An analysis of effects on top and upper middle income shares in Ireland," Economics Letters, Elsevier, vol. 222(C).
    17. René P. Orij & Saif Rehman & Hashim Khan & Faisal Khan, 2021. "Is CSR the new competitive environment for CEOs? The association between CEO turnover, corporate social responsibility and board gender diversity: Asian evidence," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 28(2), pages 731-747, March.
    18. Alex Edmans & Xavier Gabaix, 2015. "Executive Compensation: A Modern Primer," NBER Working Papers 21131, National Bureau of Economic Research, Inc.
    19. Kohl, Miriam, 2020. "Redistribution, selection, and trade," Journal of International Economics, Elsevier, vol. 122(C).
    20. Lionel Almeida, 2016. "The effects of CEO pay transparency in France. Benchmarking, `catching-up', and outsider scrutiny," Post-Print hal-02474780, HAL.
    21. Giorgio Barba Navaretti & Davide Castellani & Fabio Pieri, 2022. "CEO age, shareholder monitoring, and the organic growth of European firms," Small Business Economics, Springer, vol. 59(1), pages 361-382, June.
    22. Dominique Guellec & Caroline Paunov, 2017. "Digital Innovation and the Distribution of Income," NBER Working Papers 23987, National Bureau of Economic Research, Inc.
    23. Holger M. Mueller & Paige P. Ouimet & Elena Simintzi, 2015. "Wage Inequality and Firm Growth," LIS Working papers 632, LIS Cross-National Data Center in Luxembourg.
    24. Linus Siming, 2017. "Government awards as economic instruments of governance," Post-Print hal-01625711, HAL.
    25. Farzan Yahya & Zahiruddin B. Ghazali, 2017. "Effectiveness of board governance and dividend policy as alignment mechanisms to firm performance and CEO compensation," Cogent Business & Management, Taylor & Francis Journals, vol. 4(1), pages 1398124-139, January.
    26. Frédéric Teulon & Guillaume Bigot & Bernard Terrany & Negar Youssefian, 2016. "Rémunérations des PDG : toniques ou toxiques ? Une mise en perspective de la littérature," Post-Print hal-01865108, HAL.
    27. Michael L. Bognanno, 2019. "Efficient markets, managerial power, and CEO compensation," IZA World of Labor, Institute of Labor Economics (IZA), pages 1-34, February.
    28. Emanuela Ciapanna & Marco Taboga & Eliana Viviano, 2015. "Sectoral differences in managers’ compensation: insights from a matching model," Temi di discussione (Economic working papers) 1000, Bank of Italy, Economic Research and International Relations Area.
    29. Lina Yu & Hua Zhao, 2023. "Estimation of bargaining effect in the decision of monetary compensation of executive in investment bank: Evidence from China," PLOS ONE, Public Library of Science, vol. 18(3), pages 1-23, March.
    30. Michaelides, Panayotis G. & Tsionas, Efthymios G. & Konstantakis, Konstantinos N. & Xidonas, Panos, 2019. "The impact of market competition on CEO salary in the US energy sector1," Energy Policy, Elsevier, vol. 132(C), pages 32-37.
    31. Sarah Burkinshaw & Yaz Terajima & Carolyn A. Wilkins, 2022. "Income Inequality in Canada," Discussion Papers 2022-16, Bank of Canada.
    32. Seth H. Giertz & Jacob A. Mortenson, 2013. "Recent Income Trends for Top Executives: Evidence From Tax Return Data," National Tax Journal, National Tax Association;National Tax Journal, vol. 66(4), pages 913-938, December.
    33. Adams, Renée & Keloharju, Matti & Knüpfer, Samuli, 2018. "Are CEOs born leaders? Lessons from traits of a million individuals," Journal of Financial Economics, Elsevier, vol. 130(2), pages 392-408.
    34. Dang, Chongyu & (Frank) Li, Zhichuan & Yang, Chen, 2018. "Measuring firm size in empirical corporate finance," Journal of Banking & Finance, Elsevier, vol. 86(C), pages 159-176.
    35. Baptiste Souillard, 2022. "Profit Shifting, Employee Pay, and Inequalities: Evidence from US-Listed Companies," CESifo Working Paper Series 9720, CESifo.
    36. Anne Amar-Sabbah & Pierre Batteau, 2018. "CEO Compensation: Agency Theory is Irrelevant but not the Neoclassical Game-Theoretic Framework," Working Papers halshs-01818600, HAL.
    37. Alicia Lozano-Torró & Tatiana García-Segura & Laura Montalbán-Domingo & Eugenio Pellicer, 2019. "Risk Management as a Success Factor in the International Activity of Spanish Engineering," Administrative Sciences, MDPI, vol. 9(1), pages 1-20, February.
    38. Katerina Lyroudi & Thomas Chatzigagios, 2021. "Does Innovation Lead to Growth? An SDG for Companies in the Black Sea Markets Before and After COVID-19," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 19(2), pages 151-179.

  25. Greenwood, Robin & Landier, Augustin & Thesmar, David, 2011. "Vulnerable Banks," IDEI Working Papers 700, Institut d'Économie Industrielle (IDEI), Toulouse.

    Cited by:

    1. Fricke, Christoph & Fricke, Daniel, 2017. "Vulnerable asset management? The case of mutual funds," Discussion Papers 32/2017, Deutsche Bundesbank.
    2. Aldasoro, Iñaki & Alves, Iván, 2016. "Multiplex interbank networks and systemic importance – An application to European data," ESRB Working Paper Series 20, European Systemic Risk Board.
    3. Wolski, Marcin & van de Leur, Michiel, 2016. "Interbank loans, collateral and modern monetary policy," Working Paper Series 1959, European Central Bank.
    4. Raffestin, Louis, 2014. "Diversification and systemic risk," Journal of Banking & Finance, Elsevier, vol. 46(C), pages 85-106.
    5. Ignacio Lozano & Alexander Guarín, 2014. "Fragilidad Bancaria en Colombia: Un Análisis Basado en las Hojas de Balance," Borradores de Economia 813, Banco de la Republica de Colombia.
    6. Fabio Caccioli & Paolo Barucca & Teruyoshi Kobayashi, 2017. "Network models of financial systemic risk: A review," Discussion Papers 1719, Graduate School of Economics, Kobe University.
    7. Iñaki Aldasoro & Domenico Delli Gatti & Ester Faia, 2016. "Bank networks: contagion, systemic risk and prudential policy," BIS Working Papers 597, Bank for International Settlements.
    8. Rudiger Ahrend & Antoine Goujard, 2012. "International Capital Mobility and Financial Fragility - Part 3. How Do Structural Policies Affect Financial Crisis Risk?: Evidence from Past Crises Across OECD and Emerging Economies," OECD Economics Department Working Papers 966, OECD Publishing.
    9. Poledna, Sebastian & Molina-Borboa, José Luis & Martínez-Jaramillo, Serafín & van der Leij, Marco & Thurner, Stefan, 2015. "The multi-layer network nature of systemic risk and its implications for the costs of financial crises," Journal of Financial Stability, Elsevier, vol. 20(C), pages 70-81.
    10. Robert Czech & Matt Roberts-Sklar, 2017. "Investor behaviour and reaching for yield: evidence from the sterling corporate bond market," Bank of England working papers 685, Bank of England.
    11. Frey, Rainer, 2015. "Multinational banks' deleveraging in the crisis driven by pre-crisis characteristics and behavior," Discussion Papers 18/2015, Deutsche Bundesbank.
    12. Kok, Christoffer & Hałaj, Grzegorz & Hüser, Anne-Caroline & Perales, Cristian & van der Kraaij, Anton, 2017. "The systemic implications of bail-in: a multi-layered network approach," Working Paper Series 2010, European Central Bank.
    13. Riedler, Jesper & Brueckbauer, Frank, 2017. "Evaluating regulation within an artificial financial system: A framework and its application to the liquidity coverage ratio regulation," ZEW Discussion Papers 17-022, ZEW - Leibniz Centre for European Economic Research.
    14. Calimani, Susanna & Hałaj, Grzegorz & Żochowski, Dawid, 2017. "Simulating fire-sales in a banking and shadow banking system," ESRB Working Paper Series 46, European Systemic Risk Board.
    15. Thiago Christiano Silva & Michel Alexandre da Silva & Benjamin Miranda Tabak, 2017. "Systemic Risk in Financial Systems: a feedback approach," Working Papers Series 461, Central Bank of Brazil, Research Department.
    16. Ignacio Lozano & Alexander Guar�n, 2014. "Banking Fragility in Colombia: An Empirical Analysis Based on Balance Sheets," Borradores de Economia 11145, Banco de la Republica.
    17. Lamont K. Black & Ioannis Floros & Rajdeep Sengupta, 2016. "Raising capital when the going gets tough: U.S. bank equity issuance from 2001 to 2014," Research Working Paper RWP 16-5, Federal Reserve Bank of Kansas City.
    18. Beyhaghi, Mehdi & Massoud, Nadia & Saunders, Anthony, 2017. "Why and how do banks lay off credit risk? The choice between retention, loan sales and credit default swaps," Journal of Corporate Finance, Elsevier, vol. 42(C), pages 335-355.
    19. Shanshan Jiang & Hong Fan, 2019. "Systemic Risk in the Interbank Market with Overlapping Portfolios," Complexity, Hindawi, vol. 2019, pages 1-12, April.
    20. Giulia Poce & Giulio Cimini & Andrea Gabrielli & Andrea Zaccaria & Giuditta Baldacci & Marco Polito & Mariangela Rizzo & Silvia Sabatini, 2016. "What do central counterparties default funds really cover? A network-based stress test answer," Papers 1611.03782, arXiv.org.
    21. Banulescu, Georgiana-Denisa & Dumitrescu, Elena-Ivona, 2015. "Which are the SIFIs? A Component Expected Shortfall approach to systemic risk," Journal of Banking & Finance, Elsevier, vol. 50(C), pages 575-588.
    22. Matthew Elliott & Benjamin Golub & Matthew O. Jackson, 2014. "Financial Networks and Contagion," American Economic Review, American Economic Association, vol. 104(10), pages 3115-3153, October.
    23. T. R. Hurd, 2017. "Bank Panics and Fire Sales, Insolvency and Illiquidity," Papers 1711.05289, arXiv.org.
    24. Jaime F. Lavin & Mauricio A. Valle & Nicolás S. Magner, 2019. "Modeling Overlapped Mutual Funds’ Portfolios: A Bipartite Network Approach," Complexity, Hindawi, vol. 2019, pages 1-20, July.
    25. Fricke, Christoph & Fricke, Daniel, 2017. "Vulnerable Funds?," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168209, Verein für Socialpolitik / German Economic Association.
    26. Rick Bookstaber & Mark Paddrik & Brian Tivnan, 2014. "An Agent-based Model for Financial Vulnerability," Working Papers 14-05, Office of Financial Research, US Department of the Treasury, revised 10 Sep 2014.
    27. Sanvi Avouyi-Dovi & Guillaume Horny & Patrick Sevestre, 2017. "The stability of short-term interest rates pass-through in the euro area during the financial market and sovereign debt crises," Working Papers hal-01511667, HAL.
    28. Gruber, Alexander & Kogler, Michael, 2016. "Banks and Sovereigns: A Model of Mutual Contagion," Economics Working Paper Series 1614, University of St. Gallen, School of Economics and Political Science.
    29. Faia, Ester & Aldasoro, Inaki, 2015. "Systemic Loops and Liquidity Regulation," CEPR Discussion Papers 10918, C.E.P.R. Discussion Papers.
    30. Matteo Serri & Guido Caldarelli & Giulio Cimini, 2016. "How the interbank market becomes systemically dangerous: an agent-based network model of financial distress propagation," Papers 1611.04311, arXiv.org.
    31. Kristin Forbes, 2012. "The "Big C": Identifying Contagion," NBER Working Papers 18465, National Bureau of Economic Research, Inc.
    32. Yann Braouezec & Lakshithe Wagalath, 2016. "Risk-based capital requirements and optimal liquidation in a stress scenario," Working Papers 2016-ACF-01, IESEG School of Management.
    33. Julien Idier & Thibaut Piquard, 2017. "Pandemic crises in financial systems: a simulation-model to complement stress-testing frameworks," Working papers 621, Banque de France.
    34. Abbassi, Puriya & Brownlees, Christian & Hans, Christina & Podlich, Natalia, 2017. "Credit risk interconnectedness: What does the market really know?," Journal of Financial Stability, Elsevier, vol. 29(C), pages 1-12.
    35. Opeoluwa Banwo & Fabio Caccioli & Paul Harrald & Francesca Medda, 2016. "The Effect Of Heterogeneity On Financial Contagion Due To Overlapping Portfolios," Advances in Complex Systems (ACS), World Scientific Publishing Co. Pte. Ltd., vol. 19(08), pages 1-20, December.
    36. Silva, Thiago Christiano & Souza, Sergio Rubens Stancato & Tabak, Benjamin Miranda, 2017. "Monitoring vulnerability and impact diffusion in financial networks," Journal of Economic Dynamics and Control, Elsevier, vol. 76(C), pages 109-135.
    37. Levy-Carciente, Sary & Kenett, Dror Y. & Avakian, Adam & Stanley, H. Eugene & Havlin, Shlomo, 2015. "Dynamical macroprudential stress testing using network theory," Journal of Banking & Finance, Elsevier, vol. 59(C), pages 164-181.
    38. Domenico Di Gangi & Fabrizio Lillo & Davide Pirino, 2015. "Assessing systemic risk due to fire sales spillover through maximum entropy network reconstruction," Papers 1509.00607, arXiv.org, revised Jul 2018.
    39. Ahrend, Rudiger & Goujard, Antoine, 2015. "Global banking, global crises? The role of the bank balance-sheet channel for the transmission of financial crises," European Economic Review, Elsevier, vol. 80(C), pages 253-279.

  26. Itzhak Ben-David & Francesco A. Franzoni & Augustin Landier & Rabih Moussawi, 2011. "Do Hedge Funds Manipulate Stock Prices?," Swiss Finance Institute Research Paper Series 11-53, Swiss Finance Institute.

    Cited by:

    1. Ding, Xiaoya & Guedhami, Omrane & Ni, Yang & Pittman, Jeffrey A., 2020. "Local and foreign institutional investors, information asymmetries, and state ownership," Pacific-Basin Finance Journal, Elsevier, vol. 63(C).
    2. Priyank Gandhi & Benjamin Golez & Jens Carsten Jackwerth & Alberto Plazzi, 2019. "Financial Market Misconduct and Public Enforcement: The Case of Libor Manipulation," Management Science, INFORMS, vol. 65(11), pages 5268-5289, November.
    3. Eid, Nourhan & Maltby, Josephine & Talavera, Oleksandr, 2016. "Income Rounding and Loan Performance in the Peer-to-Peer Market," MPRA Paper 72852, University Library of Munich, Germany.
    4. Li, Xiangwen & Wu, Wenfeng, 2019. "Portfolio pumping and fund performance ranking: A performance-based compensation contract perspective," Journal of Banking & Finance, Elsevier, vol. 105(C), pages 94-106.
    5. Liu, Jie & Zhang, Jingru & Chen, Zhenshan, 2025. "The effect of stock market manipulation on investor behavioral bias," Journal of Behavioral and Experimental Finance, Elsevier, vol. 47(C).
    6. Ibikunle, Gbenga & Mollica, Vito & Sun, Qiao, 2024. "Detecting anomalous WM/reuters fixes using Trailing Contextual Anomaly Detection," International Review of Economics & Finance, Elsevier, vol. 96(PA).
    7. Henderson, Brian J. & Pearson, Neil D. & Wang, Li, 2020. "Pre-trade hedging: Evidence from the issuance of retail structured products," Journal of Financial Economics, Elsevier, vol. 137(1), pages 108-128.
    8. Shino Takayama, 2020. "Price Manipulation, Dynamic Informed Trading, and the Uniqueness of Equilibrium in Sequential Trading," Discussion Papers Series 621, School of Economics, University of Queensland, Australia.
    9. Ouyang, Liangyi & Cao, Bolong, 2020. "Selective pump-and-dump: The manipulation of their top holdings by Chinese mutual funds around quarter-ends," Emerging Markets Review, Elsevier, vol. 44(C).
    10. Markus Baldauf & Christoph Frei & Joshua Mollner, 2022. "Principal Trading Arrangements: When Are Common Contracts Optimal?," Management Science, INFORMS, vol. 68(4), pages 3112-3128, April.
    11. Gao, Shenghao & Liu, Jinzhao & Zhang, Qi & Zhou, Jun, 2023. "Stock hyping before auction-style SEOs: Are primary market investors misled?," International Review of Economics & Finance, Elsevier, vol. 88(C), pages 123-140.
    12. Agarwal, Vikas & Barber, Brad M. & Cheng, Si & Hameed, Allaudeen & Shanker, Harshini & Yasuda, Ayako, 2023. "Do investors overvalue startups? Evidence from the junior stakes of mutual funds," CFR Working Papers 23-04, University of Cologne, Centre for Financial Research (CFR).
    13. Duong, Truong X. & Meschke, Felix, 2020. "The rise and fall of portfolio pumping among U.S. mutual funds," Journal of Corporate Finance, Elsevier, vol. 60(C).
    14. Gao, Meng & Huang, Jiekun, 2016. "Capitalizing on Capitol Hill: Informed trading by hedge fund managers," Journal of Financial Economics, Elsevier, vol. 121(3), pages 521-545.
    15. Vikas Agarwal & Brad Barber & Si Cheng & Allaudeen Hameed & Ayako Yasuda, 2023. "Private Company Valuations by Mutual Funds," Review of Finance, European Finance Association, vol. 27(2), pages 693-738.
    16. Franzoni, Francesco & Plazzi, Alberto & Cotelioglu, Efe, 2019. "What Constrains Liquidity Provision? Evidence From Hedge Fund Trades," CEPR Discussion Papers 13645, C.E.P.R. Discussion Papers.
    17. Bernile, Gennaro & Hu, Jianfeng & Tang, Yuehua, 2016. "Can information be locked up? Informed trading ahead of macro-news announcements," Journal of Financial Economics, Elsevier, vol. 121(3), pages 496-520.
    18. Wang, Pingle, 2024. "Portfolio pumping in mutual fund families," Journal of Financial Economics, Elsevier, vol. 156(C).
    19. Shino Takayama, 2018. "Price Manipulation, Dynamic Informed Trading and Tame Equilibria: Theory and Computation," Discussion Papers Series 603, School of Economics, University of Queensland, Australia.
    20. Xiangang Xin & P. Eric Yeung & Zilong Zhang, 2024. "Wrong Kind of Transparency? Mutual Funds’ Higher Reporting Frequency, Window Dressing, and Performance," Journal of Accounting Research, John Wiley & Sons, Ltd., vol. 62(2), pages 737-781, May.
    21. Feng, Yumei & Pei, Hongxin & Pan, Yuying & Ho, Kung-Cheng, 2025. "Impact of fund cliques on corporate cash dividends: Evidence from China," Research in International Business and Finance, Elsevier, vol. 73(PA).
    22. Cui, Xinyu & Kolokolova, Olga, 2025. "Do hedge funds still manipulate stock prices?," Journal of Corporate Finance, Elsevier, vol. 92(C).
    23. Spyros Papathanasiou & Dimitris Kenourgios & Drosos Koutsokostas, 2024. "Do ESG fund managers pump and dump the stocks in their portfolios? European evidence," Journal of Asset Management, Palgrave Macmillan, vol. 25(3), pages 245-260, May.
    24. Joni Kokkonen & Matti Suominen, 2015. "Hedge Funds and Stock Market Efficiency," Management Science, INFORMS, vol. 61(12), pages 2890-2904, December.
    25. Ali, Sara & Badshah, Ihsan & Demirer, Riza & Hegde, Prasad, 2022. "Economic policy uncertainty and institutional investment returns: The case of New Zealand," Pacific-Basin Finance Journal, Elsevier, vol. 74(C).
    26. Jun Duanmu & Qiping Huang & Yongjia Li & Garrett A. McBrayer, 2021. "Can hedge funds benefit from corporate social responsibility investment?," The Financial Review, Eastern Finance Association, vol. 56(2), pages 251-278, May.
    27. Kadıoğlu, Eyüp & Frömmel, Michael, 2022. "Manipulation in the bond market and the role of investment funds: Evidence from an emerging market," International Review of Financial Analysis, Elsevier, vol. 79(C).
    28. Kolokolova, Olga & Lin, Ming-Tsung & Poon, Ser-Huang, 2020. "Too big to ignore? Hedge fund flows and bond yields," Journal of Banking & Finance, Elsevier, vol. 112(C).
    29. Collin Gilstrap & Alex Petkevich & Ozcan Sezer & Pavel Teterin, 2022. "REIT Debt Pricing and Ownership Structure," The Journal of Real Estate Finance and Economics, Springer, vol. 64(4), pages 546-589, May.
    30. Aineas Mallios & Taylan Mavruk, 2025. "Do ESG funds engage in portfolio pumping to gain higher flows? An application of Benford's Law," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 30(2), pages 1540-1563, April.
    31. Jiang, Christine & Wang, Xianzhen, 2024. "Portfolio pumping and dumping among Chinese mutual fund companies," Journal of Banking & Finance, Elsevier, vol. 162(C).
    32. Stivers, Chris & Sun, Licheng, 2013. "Returns and option activity over the option-expiration week for S&P 100 stocks," Journal of Banking & Finance, Elsevier, vol. 37(11), pages 4226-4240.
    33. Jiao, Yawen & Massa, Massimo & Zhang, Hong, 2016. "Short selling meets hedge fund 13F: An anatomy of informed demand," Journal of Financial Economics, Elsevier, vol. 122(3), pages 544-567.
    34. Makarov, Igor, 2020. "Outsized arbitrage," LSE Research Online Documents on Economics 118855, London School of Economics and Political Science, LSE Library.
    35. deHaan, Ed & Li, Jiacui & Watts, Edward M., 2023. "Retail bond investors and credit ratings," Journal of Accounting and Economics, Elsevier, vol. 76(1).
    36. Kruse, Timothy A. & Todd, Steven K., 2013. "Price manipulation at the NYSE and the 1899 battle for Brooklyn Rapid Transit shares," Financial History Review, Cambridge University Press, vol. 20(3), pages 279-303, December.
    37. Carole Comerton-Forde & Tālis J. Putniņš, 2014. "Stock Price Manipulation: Prevalence and Determinants," Review of Finance, European Finance Association, vol. 18(1), pages 23-66.
    38. Yiping Lin & David Michayluk & Mi Zou, 2023. "Does Random Auction Ending Curb Stock Price Manipulation?," Quarterly Journal of Finance (QJF), World Scientific Publishing Co. Pte. Ltd., vol. 13(04), pages 1-33, December.
    39. Robert Jarrow & Scott Fung & Shih-Chuan Tsai, 2018. "An empirical investigation of large trader market manipulation in derivatives markets," Review of Derivatives Research, Springer, vol. 21(3), pages 331-374, October.
    40. Mila Getmansky & Peter A. Lee & Andrew W. Lo, 2015. "Hedge Funds: A Dynamic Industry In Transition," NBER Working Papers 21449, National Bureau of Economic Research, Inc.
    41. Bok Baik & Jin-Mo Kim & Kyonghee Kim & Sukesh Patro, 2020. "Hedge fund ownership and voluntary disclosure," Review of Quantitative Finance and Accounting, Springer, vol. 54(3), pages 877-910, April.
    42. Cai, Yu & Wang, Qing, 2022. "Money funds manage returns," Pacific-Basin Finance Journal, Elsevier, vol. 71(C).
    43. Itzhak Ben-David & Francesco Franzoni & Rabih Moussawi & John Sedunov, 2021. "The Granular Nature of Large Institutional Investors," Management Science, INFORMS, vol. 67(11), pages 6629-6659, November.
    44. Brown, Stephen J. & Sotes-Paladino, Juan & Wang, Jiaguo(George) & Yao, Yaqiong, 2017. "Starting on the wrong foot: Seasonality in mutual fund performance," Journal of Banking & Finance, Elsevier, vol. 82(C), pages 133-150.
    45. Xingguo Luo & Xiaoli Yu & Shihua Qin & Qi Xu, 2020. "Option trading and the cross‐listed stock returns: Evidence from Chinese A–H shares," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 40(11), pages 1665-1690, November.
    46. Neupane, Biwesh & Thapa, Chandra & Marshall, Andrew & Neupane, Suman, 2021. "Mimicking insider trades," Journal of Corporate Finance, Elsevier, vol. 68(C).

  27. David Thesmar & P. Kruger & Augustin Landier, 2011. "The WACC Fallacy: The Real Effects of Using a Unique Discount Rate," Post-Print hal-00578326, HAL.

    Cited by:

    1. Randolph Sloof & Mirjam van Praag, 2014. "Testing for Distortions in Performance Measures: An Application to Residual Income Based Measures like Economic Value Added," Tinbergen Institute Discussion Papers 14-056/V, Tinbergen Institute.
    2. Christian Gollier, 2013. "Asset Pricing with Uncertain Betas: A Long-Term Perspective," CESifo Working Paper Series 4072, CESifo.
    3. Gollier, Christian, 2013. "A theory of rational short-termism with uncertain betas," TSE Working Papers 13-389, Toulouse School of Economics (TSE).
    4. Pavlova, Anna & Kashyap, Anil & Kovrijnykh, Natalia & ,, 2018. "The Benchmark Inclusion Subsidy," CEPR Discussion Papers 13356, C.E.P.R. Discussion Papers.
    5. Gollier, Christian, 2024. "The welfare cost of ignoring the beta," TSE Working Papers 24-1556, Toulouse School of Economics (TSE).
    6. David Johnstone, 2020. "Fama's Ratio and the Effect of Operating Leverage on the Cost of Capital Under CAPM," Abacus, Accounting Foundation, University of Sydney, vol. 56(2), pages 268-287, June.
    7. Alexandridis, George & Chen, Zhong & Zeng, Yeqin, 2021. "Financial hedging and corporate investment," Journal of Corporate Finance, Elsevier, vol. 67(C).
    8. Paul F. Hark & Christoph Schneider, 2025. "Does the CAPM drive misvaluations in M&As?," Journal of Business Economics, Springer, vol. 95(2), pages 427-463, April.
    9. Thesmar, David & Otto, Clemens & Olivier, Jacques, 2017. "CAPM-Based Company (Mis)valuations," CEPR Discussion Papers 12526, C.E.P.R. Discussion Papers.
    10. Rick van der Ploeg, 2020. "Discounting and Climate Policy," CESifo Working Paper Series 8441, CESifo.
    11. Custódio, Cláudia & Metzger, Daniel, 2014. "Financial expert CEOs: CEO׳s work experience and firm׳s financial policies," Journal of Financial Economics, Elsevier, vol. 114(1), pages 125-154.
    12. Felipe S. Iachan, 2020. "Capital Budgeting and Risk Taking Under Credit Constraints," Management Science, INFORMS, vol. 66(9), pages 4292-4314, September.
    13. Nadeem, Muhammad & Suleman, Tahir & Ahmed, Ammad, 2019. "Women on boards, firm risk and the profitability nexus: Does gender diversity moderate the risk and return relationship?," International Review of Economics & Finance, Elsevier, vol. 64(C), pages 427-442.
    14. Marius Guenzel & Ulrike Malmendier, 2020. "Behavioral Corporate Finance: The Life Cycle of a CEO Career," NBER Working Papers 27635, National Bureau of Economic Research, Inc.
    15. Pedro Antonio Martín-Cervantes & María del Carmen Valls Martínez, 2023. "Unraveling the relationship between betas and ESG scores through the Random Forests methodology," Risk Management, Palgrave Macmillan, vol. 25(3), pages 1-29, September.
    16. David Johnstone, 2017. "Sensitivity of the Discount Rate to the Expected Payoff in Project Valuation," Decision Analysis, INFORMS, vol. 14(2), pages 126-136, June.
    17. Katarzyna Anna Bilicka & Yaxuan Qi & Jing Xing, 2021. "Real Responses to Anti-Tax Avoidance: Evidence from the UK Worldwide Debt Cap," CESifo Working Paper Series 9044, CESifo.
    18. Cherbonnier, Frédéric & Gollier, Christian, 2018. "Risk-adjusted social discount rates," TSE Working Papers 18-972, Toulouse School of Economics (TSE), revised Dec 2020.
    19. Frédéric CHERBONNIER & Ulrich HEGE, 2020. "Risques climatiques et règlementation financière prudentielle," Working Paper b08f5c14-94fc-4ccc-b857-6, Agence française de développement.
    20. Marcelo Bianconi & Joe Akira Yoshino, 2015. "Empirical Estimation of the Cost of Equity: An Application to Selected Brazilian Utilities Companies," Review of Economics & Finance, Better Advances Press, Canada, vol. 5, pages 1-21, February.
    21. Winifrida Mwanga & Adeoye Crispin John Mbogo, 2023. "Drivers of Weighted Average Cost of Capital in Selected Listed Companies in Tanzania," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(7), pages 1601-1618, July.
    22. Knolle, Julia, 2020. "Prosperity in a Low Interest Environment," MPRA Paper 104332, University Library of Munich, Germany.
    23. John R. Graham, 2022. "Presidential Address: Corporate Finance and Reality," Journal of Finance, American Finance Association, vol. 77(4), pages 1975-2049, August.
    24. Christian Gollier, 2021. "The Welfare Cost of Ignoring the Beta," Working Papers 2021.03, Fondazione Eni Enrico Mattei.
    25. Schneider, C.A.R. & Spalt, Oliver, 2016. "Conglomerate investment, skewness, and the CEO long shot bias," Other publications TiSEM 5d9321e2-35ea-40f9-9eae-4, Tilburg University, School of Economics and Management.
    26. Kayo, Eduardo K. & Martelanc, Roy & Brunaldi, Eduardo O. & da Silva, Walter E., 2020. "Capital asset pricing model, beta stability, and the pricing puzzle of electricity transmission in Brazil," Energy Policy, Elsevier, vol. 142(C).
    27. Frédéric Cherbonnier & Christian Gollier, 2022. "Risk-adjusted Social Discount Rates," Post-Print hal-04012977, HAL.
    28. Kudret Topyan, 2021. "Levered-Beta and Cost of Capital Sensitivities: An Experimental Investigation in Capital Structure," JRFM, MDPI, vol. 14(4), pages 1-14, April.
    29. Marcel Boyer & Éric Gravel & Sandy Mokbel, 2013. "The Valuation of Public Projects: Risks, Cost of Financing and Cost of Capital Current," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 388, September.
    30. Malmendier, Ulrike M. & Guenzel, Marius, 2020. "Behavioral Corporate Finance: The Life Cycle of a CEO Career," CEPR Discussion Papers 15103, C.E.P.R. Discussion Papers.
    31. Christian Gollier & Frederick van der Ploeg & Jiakun Zheng, 2022. "The discounting premium puzzle: survey evidence from professional economists," Economics Series Working Papers 976, University of Oxford, Department of Economics.
    32. Zhe Li & Oksana Pryshchepa & Bo Wang, 2023. "Financial experts on the top management team: Do they reduce investment inefficiency?," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 50(1-2), pages 198-235, January.
    33. Olivier Dessaint & Jacques Olivier & Clemens A Otto & David Thesmar, 2021. "CAPM-Based Company (Mis)valuations [Credit lines as monitored liquidity insurance: Theory and evidence]," The Review of Financial Studies, Society for Financial Studies, vol. 34(1), pages 1-66.
    34. Ulrike Malmendier, 2018. "Behavioral Corporate Finance," NBER Working Papers 25162, National Bureau of Economic Research, Inc.
    35. Jessen, Cathrine & Lando, David, 2015. "Robustness of distance-to-default," Journal of Banking & Finance, Elsevier, vol. 50(C), pages 493-505.
    36. Michi Nishihara, 2021. "Preemptive competition between two firms with different discount rates," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 42(3), pages 675-687, April.
    37. Zbysław Dobrowolski & Grzegorz Drozdowski & Mirela Panait & Simona Andreea Apostu, 2022. "The Weighted Average Cost of Capital and Its Universality in Crisis Times: Evidence from the Energy Sector," Energies, MDPI, vol. 15(18), pages 1-15, September.
    38. Juan Carluccio & Clément Mazet-Sonilhac & Jean-Stéphane Mésonnier, 2019. "Investment and the WACC: new micro evidence for France," Working papers 710, Banque de France.
    39. Frederic Cherbonnier & Christian Gollier, 2022. "Risk-adjusted Social Discount Rates," The Energy Journal, , vol. 43(4), pages 45-68, May.
    40. Gatzer, Sebastian & Hoang, Daniel & Ruckes, Martin, 2015. "Internal Capital Markets and Diversified Firms: Theory and Practice," EconStor Preprints 169432, ZBW - Leibniz Information Centre for Economics.
    41. Malcolm Baker & Jeffrey Wurgler, 2011. "Behavioral Corporate Finance: An Updated Survey," NBER Working Papers 17333, National Bureau of Economic Research, Inc.
    42. Dato, Prudence & Dioha, Michael & Hessou, Hélyoth & Houenou, Boris & Mukhaya, Brian & Okyere, Michael Adu & Odarno, Lily, 2025. "Computation of weighted average cost of capital (WACC) in the power sector for African countries and the implications for country-specific electricity technology cost," Applied Energy, Elsevier, vol. 397(C).
    43. El Mouaaouy Florian & Riepe Jan, 2018. "Benford and the Internal Capital Market: A Useful Indicator of Managerial Engagement," German Economic Review, De Gruyter, vol. 19(3), pages 309-329, August.
    44. Ioana Neamtu & Quynh-Anh Vo, 2021. "Capital allocation, the leverage ratio requirement," Bank of England working papers 956, Bank of England.
    45. Custódio, Cláudia & Mendes, Diogo & Metzger, Daniel, 2020. "The Impact of Financial Education of Managers on Medium and Large Enterprises - A Randomized Controlled Trial in Mozambique," CEPR Discussion Papers 15294, C.E.P.R. Discussion Papers.
    46. Biggerstaff, Lee & Goldie, Brad & Kassa, Haimanot, 2025. "Beta estimation precision and corporate investment efficiency," Journal of Corporate Finance, Elsevier, vol. 91(C).
    47. Berchtold, Demian & Dichter, Oliver & Loderer, Claudio & Waelchli, Urs, 2021. "Pension risk and corporate investment distortion," Journal of Corporate Finance, Elsevier, vol. 68(C).
    48. Fabian Hollstein & Marcel Prokopczuk & Christoph Matthias Würsig, 2024. "Market power and systematic risk," Financial Management, Financial Management Association International, vol. 53(2), pages 233-266, June.
    49. Matthijs Breugem & Roberto Marfè & Francesca Zucchi, 2020. "Corporate Policies and the Term Structure of Risk," Carlo Alberto Notebooks 627, Collegio Carlo Alberto.
    50. Claudia Custodio & Diogo Mendes & Daniel Metzger, 2021. "The impact of financial education of executives on financial practices of medium and large enterprises," NOVAFRICA Working Paper Series wp2105, Universidade Nova de Lisboa, Nova School of Business and Economics, NOVAFRICA.

  28. Landier, Augustin & Sraer, David & Thesmar, David, 2011. "The risk-Shifting Hypothesis," IDEI Working Papers 699, Institut d'Économie Industrielle (IDEI), Toulouse.

    Cited by:

    1. Łukasz Kurowski & Paweł Smaga, 2018. "Monetary Policy and Cyclical Systemic Risk - Friends or Foes?," Prague Economic Papers, Prague University of Economics and Business, vol. 2018(5), pages 522-540.
    2. Colonnello, Stefano, 2016. "Executive Compensation, Macroeconomic Conditions, and Cash Flow Cyclicality," IWH Discussion Papers 6/2016, Halle Institute for Economic Research (IWH).
    3. Adrian, Tobias & Liang, Nellie, 2016. "Monetary Policy, Financial Conditions, and Financial Stability," CEPR Discussion Papers 11394, C.E.P.R. Discussion Papers.
    4. Felipe S. Iachan, 2020. "Capital Budgeting and Risk Taking Under Credit Constraints," Management Science, INFORMS, vol. 66(9), pages 4292-4314, September.
    5. Cziraki, Peter, 2018. "Trading by bank insiders before and during the 2007–2008 financial crisis," Journal of Financial Intermediation, Elsevier, vol. 33(C), pages 58-82.
    6. Alaa Alaabed & Mansur Masih & Abbas Mirakhor, 2016. "Investigating risk shifting in Islamic banks in the dual banking systems of OIC member countries: An application of two-step dynamic GMM," Risk Management, Palgrave Macmillan, vol. 18(4), pages 236-263, December.
    7. Chandrasekhar, C. P., 2023. "Macroprudential regulation in Africa in the context of the COVID-19 pandemic," Documentos de Proyectos 48888, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    8. Acharya, Viral & Litov, Lubomir P. & Sepe, Simone M., 2014. "Seeking Alpha, Taking Risk: Evidence from Non-executive Pay in U.S. Bank Holding Companies," Working Papers 13-18, University of Pennsylvania, Wharton School, Weiss Center.
    9. Sergey Chernenko & Samuel G. Hanson & Adi Sunderam, 2014. "The Rise and Fall of Demand for Securitizations," NBER Working Papers 20777, National Bureau of Economic Research, Inc.
    10. Ghosh, Jayati, 2023. "Macroprudential policies in Asia: A consideration of some Asian experiences," Documentos de Proyectos 48889, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    11. Berndt, Antje & Hollifield, Burton & Sandås, Patrik, 2017. "What Broker Charges Reveal about Mortgage Credit Risk," Working Paper Series 336, Sveriges Riksbank (Central Bank of Sweden).
    12. Yajima, Giuliano & Botta, Alberto & Porcile, Gabriel, 2023. "Finance-led premature de-industrialization and the role of external macroprudential policy for post-COVID-19 transformative development: Latin America in a comparative perspective," Documentos de Proyectos 48893, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    13. Memmel, Christoph & Seymen, Atılım & Teichert, Max, 2016. "Banks' interest rate risk and search for yield: A theoretical rationale and some empirical evidence," Discussion Papers 22/2016, Deutsche Bundesbank.
    14. Arthur Korteweg & Morten Sorensen, 2012. "Estimating Loan-to-Value and Foreclosure Behavior," NBER Working Papers 17882, National Bureau of Economic Research, Inc.
    15. Nalin, Lorenzo & Pérez Caldentey, Esteban & Rojas Rodríguez, Leonardo, 2023. "A baseline stock-flow model for the analysis of macroprudential regulation guidelines and policies for Latin America and the Caribbean," Documentos de Proyectos 48892, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    16. Samuel Hanson & Jeremy C. Stein, 2012. "Monetary policy and long-term real rates," Finance and Economics Discussion Series 2012-46, Board of Governors of the Federal Reserve System (U.S.).
    17. Abeles, Martín & Kreiter, Zebulun & Pérez Caldentey, Esteban, 2023. "Capital flow regulation: selected experiences in developing countries from Latin America, Africa and Asia-Pacific and analysis of the type of capital controls needed to confront the disruptive effects," Documentos de Proyectos 48885, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    18. Beirne, John & Friedrich, Christian, 2017. "Macroprudential policies, capital flows, and the structure of the banking sector," Journal of International Money and Finance, Elsevier, vol. 75(C), pages 47-68.
    19. Yuliya Demyanyk & Elena Loutskina, 2012. "Mortgage companies and regulatory arbitrage," Working Papers (Old Series) 1220R, Federal Reserve Bank of Cleveland.
    20. Vernengo, Matías, 2023. "A Framework to Interpret Macroprudential Policies in an Era of Financialization," Documentos de Proyectos 48891, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    21. Bortz, Pablo Gabriel, 2023. "Macroprudential policies in Latin America," Documentos de Proyectos 48890, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    22. Rodney Ramcharan & Amir Kermani & Marco Di Maggio, 2015. "Monetary Policy Pass-Through: Household Consumption and Voluntary Deleveraging," 2015 Meeting Papers 256, Society for Economic Dynamics.
    23. McKinley, Terry, 2023. "Challenges posed by the Global Development trajectory from 2022 to 2030," Documentos de Proyectos 48886, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    24. Kogler, Michael, 2015. "Rewarding Prudence: Risk Taking, Pecuniary Externalities and Optimal Bank Regulation," Economics Working Paper Series 1512, University of St. Gallen, School of Economics and Political Science.
    25. Pérez Caldentey, Esteban, 2023. "Financial openness, financial fragility and policies for economic stability: a comparative analysis across regions of the developing world," Documentos de Proyectos 48659, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    26. Giovanni Dell'Ariccia, 2012. "Property Prices and Bank Risk-taking," RBA Annual Conference Volume (Discontinued), in: Alexandra Heath & Frank Packer & Callan Windsor (ed.),Property Markets and Financial Stability, Reserve Bank of Australia.
    27. Nalin, Lorenzo & Pérez Caldentey, Esteban & Rojas Rodríguez, Leonardo, 2023. "A critical assessment of macroprudential regulation and comparative regional experiences focusing on Latin America and the Caribbean," Documentos de Proyectos 48887, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).

  29. Landier, Augustin & Sraer, David & Thesmar, David, 2011. "The risk-Shifting Hypothesis : Evidence from Subprime Originations," TSE Working Papers 11-279, Toulouse School of Economics (TSE).

    Cited by:

    1. Łukasz Kurowski & Paweł Smaga, 2018. "Monetary Policy and Cyclical Systemic Risk - Friends or Foes?," Prague Economic Papers, Prague University of Economics and Business, vol. 2018(5), pages 522-540.
    2. Colonnello, Stefano, 2016. "Executive Compensation, Macroeconomic Conditions, and Cash Flow Cyclicality," IWH Discussion Papers 6/2016, Halle Institute for Economic Research (IWH).
    3. Adrian, Tobias & Liang, Nellie, 2016. "Monetary Policy, Financial Conditions, and Financial Stability," CEPR Discussion Papers 11394, C.E.P.R. Discussion Papers.
    4. Felipe S. Iachan, 2020. "Capital Budgeting and Risk Taking Under Credit Constraints," Management Science, INFORMS, vol. 66(9), pages 4292-4314, September.
    5. Cziraki, Peter, 2018. "Trading by bank insiders before and during the 2007–2008 financial crisis," Journal of Financial Intermediation, Elsevier, vol. 33(C), pages 58-82.
    6. Alaa Alaabed & Mansur Masih & Abbas Mirakhor, 2016. "Investigating risk shifting in Islamic banks in the dual banking systems of OIC member countries: An application of two-step dynamic GMM," Risk Management, Palgrave Macmillan, vol. 18(4), pages 236-263, December.
    7. Acharya, Viral & Litov, Lubomir P. & Sepe, Simone M., 2014. "Seeking Alpha, Taking Risk: Evidence from Non-executive Pay in U.S. Bank Holding Companies," Working Papers 13-18, University of Pennsylvania, Wharton School, Weiss Center.
    8. Berndt, Antje & Hollifield, Burton & Sandås, Patrik, 2017. "What Broker Charges Reveal about Mortgage Credit Risk," Working Paper Series 336, Sveriges Riksbank (Central Bank of Sweden).
    9. Arthur Korteweg & Morten Sorensen, 2012. "Estimating Loan-to-Value and Foreclosure Behavior," NBER Working Papers 17882, National Bureau of Economic Research, Inc.
    10. Samuel Hanson & Jeremy C. Stein, 2012. "Monetary policy and long-term real rates," Finance and Economics Discussion Series 2012-46, Board of Governors of the Federal Reserve System (U.S.).
    11. Beirne, John & Friedrich, Christian, 2017. "Macroprudential policies, capital flows, and the structure of the banking sector," Journal of International Money and Finance, Elsevier, vol. 75(C), pages 47-68.
    12. Yuliya Demyanyk & Elena Loutskina, 2012. "Mortgage companies and regulatory arbitrage," Working Papers (Old Series) 1220R, Federal Reserve Bank of Cleveland.
    13. Rodney Ramcharan & Amir Kermani & Marco Di Maggio, 2015. "Monetary Policy Pass-Through: Household Consumption and Voluntary Deleveraging," 2015 Meeting Papers 256, Society for Economic Dynamics.
    14. Kogler, Michael, 2015. "Rewarding Prudence: Risk Taking, Pecuniary Externalities and Optimal Bank Regulation," Economics Working Paper Series 1512, University of St. Gallen, School of Economics and Political Science.
    15. Giovanni Dell'Ariccia, 2012. "Property Prices and Bank Risk-taking," RBA Annual Conference Volume (Discontinued), in: Alexandra Heath & Frank Packer & Callan Windsor (ed.),Property Markets and Financial Stability, Reserve Bank of Australia.

  30. Landier, Augustin & Plantin, Guillaume, 2011. "Inequality, Tax Avoidance, and Financial Instability," CEPR Discussion Papers 8391, C.E.P.R. Discussion Papers.

    Cited by:

    1. Pierre Chaigneau & Louis Eeckhoudt, 2015. "Downside Risk Neutral Probabilities," Cahiers de recherche 1521, CIRPEE.

  31. David Thesmar & Augustin Landier & D. Sraer, 2011. "Going for broke: New Century Corporation 2004-2006," Post-Print hal-00578323, HAL.

    Cited by:

    1. John Thanassoulis, 2011. "Industrial Structure, Executives' Pay And Myopic Risk Taking," Economics Series Working Papers 571, University of Oxford, Department of Economics.
    2. Sylvain Champonnois, 2011. "The limits of market discipline: proprietary trading and aggregate risk," 2011 Meeting Papers 1013, Society for Economic Dynamics.
    3. Suarez, Javier & González-Aguado, Carlos, 2011. "Interest Rates and Credit Risk," CEPR Discussion Papers 8398, C.E.P.R. Discussion Papers.
    4. John Thanassoulis, 2013. "Industry Structure, Executive Pay, and Short-Termism," Management Science, INFORMS, vol. 59(2), pages 402-419, June.
    5. Edouard Challe & Benoit Monjon & Xavier Ragot, 2012. "Equilibrium Risk Shifting and Interest Rate in an Opaque Financial System," Working Papers hal-00719952, HAL.
    6. Benjamin J. Keys & Tomasz Piskorski & Amit Seru & Vikrant Vig, 2012. "Mortgage Financing in the Housing Boom and Bust," NBER Chapters, in: Housing and the Financial Crisis, pages 143-204, National Bureau of Economic Research, Inc.

  32. Augustin Landier & David Thesmar, 2011. "Regulating Systemic Risk through Transparency: Tradeoffs in Making Data Public," NBER Working Papers 17664, National Bureau of Economic Research, Inc.

    Cited by:

    1. Chen, Qi & Goldstein, Itay & Huang, Zeqiong & Vashishtha, Rahul, 2022. "Bank transparency and deposit flows," Journal of Financial Economics, Elsevier, vol. 146(2), pages 475-501.
    2. Dungey, Mardi & Luciani, Matteo & Veredas, David, 2012. "Ranking systemically important financial institutions," Working Papers 15473, University of Tasmania, Tasmanian School of Business and Economics, revised 21 Nov 2012.
    3. Moreno, Diego & Takalo, Tuomas, 2012. "Optimal bank transparency," Bank of Finland Research Discussion Papers 9/2012, Bank of Finland.
    4. Julien Daubanes & Jean-Charles Rochet, 2019. "The Rise of NGO Activism," Working Papers 2019.01, FAERE - French Association of Environmental and Resource Economists.
    5. Chakravarty, Surajeet & Choo, Lawrence & Fonseca, Miguel A. & Kaplan, Todd R., 2021. "Should regulators always be transparent? a bank run experiment," European Economic Review, Elsevier, vol. 136(C).
    6. Matthieu Bouvard & Pierre Chaigneau & Adolfo de Motta, 2012. "Transparency in the Financial System: Rollover Risk and Crises," Cahiers de recherche 1206, CIRPEE.
    7. Parlatore, Cecilia, 2024. "Transparency and bank runs," Journal of Financial Intermediation, Elsevier, vol. 60(C).
    8. Usman Bashir & Yugang Yu & Muntazir Hussain & Xiao Wang & Ahmed Ali, 2017. "Do banking system transparency and competition affect nonperforming loans in the Chinese banking sector?," Applied Economics Letters, Taylor & Francis Journals, vol. 24(21), pages 1519-1525, December.
    9. Andrievskaya, Irina & Semenova, Maria, 2016. "Does banking system transparency enhance bank competition? Cross-country evidence," Journal of Financial Stability, Elsevier, vol. 23(C), pages 33-50.

  33. Landier, Augustin & Sraer, David & Thesmar, David, 2010. "Going for broke: New Century Financial Corporation, 2004-2006," IDEI Working Papers 649, Institut d'Économie Industrielle (IDEI), Toulouse.

    Cited by:

    1. Tornell, Aaron & Rancière, Romain, 2011. "Financial Black-Holes: The Interaction of Financial Regulation and Bailout Guarantees," CEPR Discussion Papers 8248, C.E.P.R. Discussion Papers.
    2. John Thanassoulis, 2011. "Industrial Structure, Executives' Pay And Myopic Risk Taking," Economics Series Working Papers 571, University of Oxford, Department of Economics.
    3. Sylvain Champonnois, 2011. "The limits of market discipline: proprietary trading and aggregate risk," 2011 Meeting Papers 1013, Society for Economic Dynamics.
    4. Suarez, Javier & González-Aguado, Carlos, 2011. "Interest Rates and Credit Risk," CEPR Discussion Papers 8398, C.E.P.R. Discussion Papers.
    5. John Thanassoulis, 2013. "Industry Structure, Executive Pay, and Short-Termism," Management Science, INFORMS, vol. 59(2), pages 402-419, June.
    6. Marco Becht & Patrick Bolton & Ailsa Roell, 2011. "Why Bank Governance is Different," ULB Institutional Repository 2013/137433, ULB -- Universite Libre de Bruxelles.
    7. Edouard Challe & Benoit Monjon & Xavier Ragot, 2012. "Equilibrium Risk Shifting and Interest Rate in an Opaque Financial System," Working Papers hal-00719952, HAL.
    8. Benjamin J. Keys & Tomasz Piskorski & Amit Seru & Vikrant Vig, 2012. "Mortgage Financing in the Housing Boom and Bust," NBER Chapters, in: Housing and the Financial Crisis, pages 143-204, National Bureau of Economic Research, Inc.

  34. Augustin Landier & Mr. Kenichi Ueda, 2009. "The Economics of Bank Restructuring: Understanding the Options," IMF Staff Position Notes 2009/012, International Monetary Fund.

    Cited by:

    1. Claessens, Stijn & Kose, M. Ayhan & Laeven, Luc & Valencia, Fabian, 2013. "Understanding Financial Crises: Causes, Consequences, and Policy Responses," CEPR Discussion Papers 9310, C.E.P.R. Discussion Papers.
    2. King, Michael R., 2019. "Time to buy or just buying time? Lessons from October 2008 for the cross-border bailout of banks," Journal of Financial Stability, Elsevier, vol. 41(C), pages 55-72.
    3. Philippon, Thomas & Martinez, Joseba & Faria e castro, Miguel, 2015. "Runs versus Lemons: Information Disclosure and Fiscal Capacity," CEPR Discussion Papers 10614, C.E.P.R. Discussion Papers.
    4. Claessens, Stijn & Kose, M. Ayhan, 2013. "Financial Crises: Explanations, Types, and Implications," CEPR Discussion Papers 9329, C.E.P.R. Discussion Papers.
    5. Jean Tirole, 2012. "Overcoming Adverse Selection: How Public Intervention Can Restore Market Functioning," American Economic Review, American Economic Association, vol. 102(1), pages 29-59, February.
    6. Landier, Augustin & Ueda, Kenichi, 2009. "True Taxpayer Burden of Bank Restructuring," IDEI Working Papers 662, Institut d'Économie Industrielle (IDEI), Toulouse, revised 16 Dec 2010.
    7. Bhattacharya, Sudipto & Nyborg, Kjell, 2010. "Bank Bailout Menus," CEPR Discussion Papers 7906, C.E.P.R. Discussion Papers.
    8. Metrick, Andrew, 2022. "Broad-Based Capital Injection Programs," Journal of Financial Crises, Yale Program on Financial Stability (YPFS), vol. 4(1), pages 1-48, April.
    9. Paul Glasserman & Zhenyu Wang, 2011. "Valuing the Treasury's Capital Assistance Program," Management Science, INFORMS, vol. 57(7), pages 1195-1211, July.
    10. Elva Bova & Marta Ruiz-Arranz & Frederik Giancarlo Toscani & Hatice Elif Ture, 2019. "The impact of contingent liability realizations on public finances," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 26(2), pages 381-417, April.
    11. Cristian Gulei Gradinaru, 2011. "How Does The Structure Of Financial Flows Affect The Stability Of The Banking System?," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 1(39), pages 235-238.
    12. Lorenzo Pandolfi, 2018. "Bail-in vs. Bailout: a False Dilemma?," CSEF Working Papers 499, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    13. Kenichi UEDA, 2019. "Speedy Bankruptcy Procedures and Bank Bailouts," Discussion papers 19108, Research Institute of Economy, Trade and Industry (RIETI).
    14. Homar, Timotej & van Wijnbergen, Sweder J.G., 2017. "Bank recapitalization and economic recovery after financial crises," Journal of Financial Intermediation, Elsevier, vol. 32(C), pages 16-28.
    15. Beck, Thorsten & Radev, Dayen & Schnabel, Isabel, 2020. "Bank Resolution Regimes and Systemic Risk," CEPR Discussion Papers 14724, C.E.P.R. Discussion Papers.
    16. T. To D. & Т. То Д., 2016. "Реструктуризация банковской системы: пример Вьетнама // Restructuring the Banking System: the Case of Vietnam," Review of Business and Economics Studies // Review of Business and Economics Studies, Финансовый Университет // Financial University, vol. 4(4), pages 32-54.
    17. Nguyen Hong Son & Tran Thi Thanh Tu & Tran Thi Hoang Yen, 2014. "Bank Restructuring–International Perspectives and Vietnam Practices," Accounting and Finance Research, Sciedu Press, vol. 3(2), pages 1-36, May.
    18. Koziol, Christian & Lawrenz, Jochen, 2012. "Contingent convertibles. Solving or seeding the next banking crisis?," Journal of Banking & Finance, Elsevier, vol. 36(1), pages 90-104.
    19. Hryckiewicz, Aneta, 2014. "What do we know about the impact of government interventions in the banking sector? An assessment of various bailout programs on bank behavior," Journal of Banking & Finance, Elsevier, vol. 46(C), pages 246-265.
    20. Ms. Elva Bova & Marta Ruiz-Arranz & Mr. Frederik G Toscani & H. Elif Ture, 2016. "The Fiscal Costs of Contingent Liabilities: A New Dataset," IMF Working Papers 2016/014, International Monetary Fund.
    21. Philippon, Thomas & Schnabl, Philipp, 2011. "Informational Rents, Macroeconomic Rents, and Efficient Bailouts," CEPR Discussion Papers 8216, C.E.P.R. Discussion Papers.
    22. Charles W. Calomiris & Mark A. Carlson, 2022. "Restoring confidence in troubled financial institutions after a financial crisis," Finance and Economics Discussion Series 2022-044, Board of Governors of the Federal Reserve System (U.S.).
    23. Jimmy Melo, 2014. "Expectativas cambiarias, selección adversa y liquidez," Ensayos Revista de Economia, Universidad Autonoma de Nuevo Leon, Facultad de Economia, vol. 0(1), pages 27-62, May.
    24. Falko Fecht & Hans Peter Grüner & Manfred Jäger & Frank Westermann, 2009. "Bad Banks: Überzeugt das Konzept der Bundesregierung?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 62(13), pages 03-13, July.
    25. Li, Shanshan, 2022. "COVID-19 and A-share banks' stock price volatility: From the perspective of the epidemic evolution in China and the US," Global Finance Journal, Elsevier, vol. 54(C).
    26. Sabine Winkler, 2017. "Housing, Finance, Policy and the Wider Economy," Journal of Management and Sustainability, Canadian Center of Science and Education, vol. 7(2), pages 45-64, June.
    27. Thomas Philippon & Philipp Schnabl, 2009. "Efficient Recapitalization," NBER Working Papers 14929, National Bureau of Economic Research, Inc.
    28. Phillip Swagel, 2009. "The Financial Crisis: An Inside View," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 40(1 (Spring), pages 1-78.
    29. Takeo Hoshi & Daiji Kawaguchi & Kenichi Ueda, 2021. "The Return of the Dead? The COVID-19 Business Support Programs in Japan (Forthcoming in Journal of Banking and Finance)," CARF F-Series CARF-F-513, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
    30. Michael Diemer & Uwe Vollmer, 2015. "What makes banking crisis resolution difficult? Lessons from Japan and the Nordic Countries," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 5(2), pages 251-277, December.

  35. Augustin Landier & David Thesmar, 2009. "Financial Contracting with Optimistic Entrepreneurs," Post-Print hal-00461106, HAL.

    Cited by:

    1. Deshmukh, Sanjay & Goel, Anand M. & Howe, Keith M., 2021. "Do CEO beliefs affect corporate cash holdings?," Journal of Corporate Finance, Elsevier, vol. 67(C).
    2. Johan Hombert & Antoinette Schoar & David Sraer & David Thesmar, 2016. "Does Unemployment Insurance Change the Selection into Entrepreneurship?," NBER Chapters, in: Measuring Entrepreneurial Businesses: Current Knowledge and Challenges, pages 351-369, National Bureau of Economic Research, Inc.
    3. Josh Lerner & Antoinette Schoar, 2010. "Introduction to "International Differences in Entrepreneurship"," NBER Chapters, in: International Differences in Entrepreneurship, pages 1-13, National Bureau of Economic Research, Inc.
    4. Martin C. Schmalz & David A. Sraer & David Thesmar, 2013. "Housing Collateral and Entrepreneurship," NBER Working Papers 19680, National Bureau of Economic Research, Inc.
    5. Spiegler, Ran & Eliaz, Kfir, 2005. "Speculative Contracts," CEPR Discussion Papers 5433, C.E.P.R. Discussion Papers.
    6. Dai, Na & Ivanov, Vladimir & Cole, Rebel A., 2017. "Entrepreneurial optimism, credit availability, and cost of financing: Evidence from U.S. small businesses," Journal of Corporate Finance, Elsevier, vol. 44(C), pages 289-307.
    7. André Betzer & Inga Bongard & Felix Schweder & Erik Theissen & Christine Volkmann, 2023. "All is not lost that is delayed: overconfidence and investment outcomes," Review of Managerial Science, Springer, vol. 17(7), pages 2297-2324, October.
    8. Ulrike Malmendier & Vincenzo Pezone & Hui Zheng, 2023. "Managerial Duties and Managerial Biases," Management Science, INFORMS, vol. 69(6), pages 3174-3201, June.
    9. Huatao Peng & Yuming Chang & Yang Liu, 2023. "Risk preference, prior experience, and serial entrepreneurship performance: evidence from China," Asia Pacific Business Review, Taylor & Francis Journals, vol. 29(3), pages 613-631, May.
    10. Michele Dell'Era & Luis Santos-Pinto, 2011. "Entrepreneurial Overconfidence, Self-Financing and Capital Market Efficiency," Cahiers de Recherches Economiques du Département d'économie 11.06, Université de Lausanne, Faculté des HEC, Département d’économie, revised Nov 2012.
    11. Kornai, János, 2015. "Milyen is hát a tőke a 21. században?. Megjegyzések Piketty könyvéhez [So what is capital in the 21st century?. Notes on Piketty s book]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(9), pages 909-942.
    12. Ron Kaniel & Cade Massey & David T. Robinson, 2010. "The Importance of Being an Optimist: Evidence from Labor Markets," NBER Working Papers 16328, National Bureau of Economic Research, Inc.
    13. Julio J. Rotemberg, 2010. "A Behavioral Model of Demandable Deposits and its Implications for Financial Regulation," NBER Working Papers 16620, National Bureau of Economic Research, Inc.
    14. Honjo, Yuji & Ikeuchi, Kenta & Nakamura, Hiroki, 2024. "Does risk aversion affect individuals’ interests and actions in angel investing? Empirical evidence from Japan," Japan and the World Economy, Elsevier, vol. 70(C).
    15. Wood, Matthew S. & Bradley, Steven W. & Artz, Kendall, 2015. "Roots, reasons, and resources: Situated optimism and firm growth in subsistence economies," Journal of Business Research, Elsevier, vol. 68(1), pages 127-136.
    16. Hunt Katherine, 2016. "Investment Risk Profiling: Lessons from Psychology," Financial Planning Research Journal, Sciendo, vol. 2(2), pages 49-63.
    17. Michelle Dell’Era & Luca David Opromolla & Luís Santos-Pinto, 2018. "A General Equilibrium Theory of Occupational Choice under Optimistic Beliefs about Entrepreneurial Ability," Working Papers REM 2018/50, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    18. Hédia Fourati & Rihab Ben Attitalah, 2018. "Entrepreneurial Optimism, The Nature Of Entrepreneurial Experience And Debt Decision For Business Start-Up," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 22(03), pages 1-26, April.
    19. Ashish Arora & Anand Nandkumar, 2009. "Cash-out or flame-out! Opportunity cost and entrepreneurial strategy: Theory, and evidence from the information security industry," NBER Working Papers 15532, National Bureau of Economic Research, Inc.
    20. Graham, John R. & Harvey, Campbell R. & Puri, Manju, 2013. "Managerial attitudes and corporate actions," Journal of Financial Economics, Elsevier, vol. 109(1), pages 103-121.
    21. Adam, Tim R. & Burg, Valentin & Scheinert, Tobias & Streitz, Daniel, 2014. "Managerial Optimism and Debt Contract Design: The Case of Syndicated Loans," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 475, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
    22. Salima TAKTAK & Mohamed Ali AZOUZI & Mohamed TRIKI, 2013. "Why Entrepreneur Overconfidence Affect Its Project Financial Capability: Evidence From Tunisia Using The Bayesian Network Method," Business Excellence and Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 3(2), pages 61-84, June.
    23. Morgan, John & Sisak, Dana, 2016. "Aspiring to succeed: A model of entrepreneurship and fear of failure," Journal of Business Venturing, Elsevier, vol. 31(1), pages 1-21.
    24. Hans K. Hvide, 2009. "The Quality of Entrepreneurs," Economic Journal, Royal Economic Society, vol. 119(539), pages 1010-1035, July.
    25. Mohamed Ali AZOUZI & Anis JARBOUI, 2012. "Ceo Emotional Bias And Capital Structure Choice. Bayesian Network Method," Business Excellence and Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 2(2), pages 47-70, June.
    26. H. Young Baek & Florence Neymotin, 2019. "Overconfident entrepreneurs: Innovating more and paying the piper," Economics Bulletin, AccessEcon, vol. 39(2), pages 1144-1153.
    27. Otto, Clemens A., 2014. "CEO optimism and incentive compensation," Journal of Financial Economics, Elsevier, vol. 114(2), pages 366-404.
    28. Krüger, Philipp & Landier, Augustin & Thesmar, David, 2011. "The WACC Fallacy: The Real Effects of Using a Unique Discount Rate," TSE Working Papers 11-222, Toulouse School of Economics (TSE).
    29. Huang, Ronghong & Tan, Kelvin Jui Keng & Faff, Robert W., 2016. "CEO overconfidence and corporate debt maturity," Journal of Corporate Finance, Elsevier, vol. 36(C), pages 93-110.
    30. Michele Dell'Era & Luca David Opromolla & Luís Santos‐Pinto, 2023. "Can optimism solve the entrepreneurial earnings puzzle?," Scandinavian Journal of Economics, Wiley Blackwell, vol. 125(1), pages 139-169, January.
    31. Huang, Wei & Jiang, Fuxiu & Liu, Zhibiao & Zhang, Min, 2011. "Agency cost, top executives' overconfidence, and investment-cash flow sensitivity -- Evidence from listed companies in China," Pacific-Basin Finance Journal, Elsevier, vol. 19(3), pages 261-277, June.
    32. Ben Mohamed, Ezzeddine, 2021. "Managerial optimism, investment cash flow sensitivity and agency costs: Evidence from NYSE panel data firms," Journal of Behavioral and Experimental Finance, Elsevier, vol. 30(C).
    33. Hansen, Peter G., 2022. "New formulations of ambiguous volatility with an application to optimal dynamic contracting," Journal of Economic Theory, Elsevier, vol. 199(C).
    34. Danting Cao & Yike Yu, 2023. "Top management team stability and enterprise innovation: A chairman's implicit human capital perspective," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(4), pages 2346-2365, June.
    35. Luis Medrano-Adán & Vicente Salas-Fumás & J. Sanchez-Asin, 2015. "Heterogeneous entrepreneurs from occupational choices in economies with minimum wages," Small Business Economics, Springer, vol. 44(3), pages 597-619, March.
    36. Kondor, Peter & Koszegi, Botond, 2017. "Financial choice and financial information," LSE Research Online Documents on Economics 118973, London School of Economics and Political Science, LSE Library.
    37. Tzioumis, Konstantinos & Gee, Matthew, 2013. "Nonlinear incentives and mortgage officers’ decisions," Journal of Financial Economics, Elsevier, vol. 107(2), pages 436-453.
    38. Weinstock, Eyal & Sonsino, Doron, 2014. "Are risk-seekers more optimistic? Non-parametric approach," Journal of Economic Behavior & Organization, Elsevier, vol. 108(C), pages 236-251.
    39. Paul Heidhues & Botond Kőszegi & Philipp Strack, 2024. "Overconfidence and Prejudice," ECONtribute Discussion Papers Series 316, University of Bonn and University of Cologne, Germany.
    40. Victor Aguirregabiria & Jihye Jeon, 2020. "Firms’ Beliefs and Learning: Models, Identification, and Empirical Evidence," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 56(2), pages 203-235, March.
    41. Luc Bridet & Peter Schwardmann, 2020. "Selling Dreams: Endogenous Optimism in Lending Markets," CESifo Working Paper Series 8271, CESifo.
    42. Wang, Jian & Sheng, Jiliang & Yang, Jun, 2013. "Optimism bias and incentive contracts in portfolio delegation," Economic Modelling, Elsevier, vol. 33(C), pages 493-499.
    43. Luís Santos‐Pinto & Michele Dell'Era, 2017. "Entrepreneurial Optimism And The Market For New Issues," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 58(2), pages 383-419, May.
    44. Chen, Lirong & Mu, Ruirui & Dai, Yanwen & Huang, Xuanhao, 2024. "Private enterprise identity and short-term debt for long-term investment: Evidence from China," Finance Research Letters, Elsevier, vol. 67(PB).
    45. Poutineau, Jean-Christophe & Vermandel, Gauthier, 2016. "Global Banking and the Conduct of Macroprudential Policy in a Monetary Union," MPRA Paper 81367, University Library of Munich, Germany, revised 14 Apr 2017.
    46. McGuinness, Paul B., 2021. "Board member age, stock seasoning and the evolution of capital structure in Chinese firms," International Business Review, Elsevier, vol. 30(3).
    47. Yueran Ma & Tiziano Ropele & David Sraer & David Thesmar, 2020. "A Quantitative Analysis of Distortions in Managerial Forecasts," NBER Working Papers 26830, National Bureau of Economic Research, Inc.
    48. Heidhues, Paul & Köszegi, Botond, 2018. "Behavioral Industrial Organization," CEPR Discussion Papers 12988, C.E.P.R. Discussion Papers.
    49. Hae Won (Henny) Jung & Ajay Subramanian, 2014. "Capital Structure under Heterogeneous Beliefs," Review of Finance, European Finance Association, vol. 18(5), pages 1617-1681.
    50. Li, Jiarong & Guo, Jie Michael & Hu, Nan & Tang, Ke, 2021. "Do corporate managers believe in luck? Evidence of the Chinese zodiac effect," International Review of Financial Analysis, Elsevier, vol. 77(C).
    51. Bernhard Kassner, 2023. "Taming Overconfident CEOs Through Stricter Financial Regulation," Rationality and Competition Discussion Paper Series 375, CRC TRR 190 Rationality and Competition.
    52. Li, Si & Perez, M. Fabricio, 2021. "The evolution of pay premiums for managerial attributes," Journal of Corporate Finance, Elsevier, vol. 69(C).
    53. Schwardmann, Peter, 2019. "Motivated health risk denial and preventative health care investments," Journal of Health Economics, Elsevier, vol. 65(C), pages 78-92.
    54. Johan Hombert & Antoinette Schoar & David Sraer & David Thesmar, 2014. "Can Unemployment Insurance Spur Entrepreneurial Activity?," NBER Working Papers 20717, National Bureau of Economic Research, Inc.
    55. Gottschalk, Sandra & Greene, Francis J. & Höwer, Daniel & Müller, Bettina, 2014. "If you don't succeed, should you try again? The role of entrepreneurial experience in venture survival," ZEW Discussion Papers 14-009, ZEW - Leibniz Centre for European Economic Research.
    56. Maurizio Rocca & Neha Neha & Tiziana Rocca, 2020. "Female management, overconfidence and debt maturity: European evidence," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 24(3), pages 713-747, September.
    57. Yuji HONJO & Kenta IKEUCHI & Hiroki NAKAMURA, 2022. "Does risk aversion affect individuals’ actions and interests in angel investing? Empirical evidence from Japan," Discussion papers 22040, Research Institute of Economy, Trade and Industry (RIETI).
    58. Manju Puri & David T. Robinson, 2013. "The Economic Psychology of Entrepreneurship and Family Business," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 22(2), pages 423-444, June.
    59. Hans K. Hvide & Jarle Møen, 2010. "Lean and Hungry or Fat and Content? Entrepreneurs' Wealth and Start-Up Performance," Management Science, INFORMS, vol. 56(8), pages 1242-1258, August.
    60. Sandra Gottschalk & Francis J. Greene & Bettina Müller, 2017. "The impact of habitual entrepreneurial experience on new firm closure outcomes," Small Business Economics, Springer, vol. 48(2), pages 303-321, February.
    61. Francis Greene, 2012. "Should the focus of publicly provided small business assistance be on start-ups or growth businesses?," Occasional Papers 12/2, Ministry of Economic Development, New Zealand.
    62. Hvide, Hans K. & Panos, Georgios A., 2013. "Risk Tolerance and Entrepreneurship," IZA Discussion Papers 7206, Institute of Labor Economics (IZA).
    63. Sewaid, Ahmed & Parker, Simon C. & Kaakeh, Abdulkader, 2021. "Explaining serial crowdfunders' dynamic fundraising performance," Journal of Business Venturing, Elsevier, vol. 36(4).
    64. Sabiiti Mulema, 2019. "Long term Financing and Development of Small and Medium Enterprises in Uganda: A case study of MPK GRAPHICS," International Journal of Science and Business, IJSAB International, vol. 3(3), pages 310-325.
    65. Rajkamal Iyer & Antoinette Schoar, 2010. "Are there Cultural Determinants of Entrepreneurship?," NBER Chapters, in: International Differences in Entrepreneurship, pages 209-240, National Bureau of Economic Research, Inc.
    66. Brett Anthony White & John Dumay, 2020. "The angel investment decision: insights from Australian business angels," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 60(3), pages 3133-3162, September.
    67. Josh Lerner & Ulrike Malmendier, 2011. "With a Little Help from My (Random) Friends: Success and Failure in Post-Business School Entrepreneurship," NBER Working Papers 16918, National Bureau of Economic Research, Inc.
    68. Kondor, Péter & Köszegi, Botond, 2015. "Cursed financial innovation," Discussion Papers, Research Unit: Economics of Change SP II 2015-306, WZB Berlin Social Science Center.
    69. Chuluun, Tuugi & Graham, Carol, 2016. "Local happiness and firm behavior: Do firms in happy places invest more?," Journal of Economic Behavior & Organization, Elsevier, vol. 125(C), pages 41-56.
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    90. Matúš Grežo & Róbert Hanák, 2024. "Entrepreneurial experience and venture success: A comprehensive meta-analysis of performance determinants," Journal of Entrepreneurship, Management and Innovation, Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione", vol. 20(1), pages 5-29.
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    92. John Y Zhu, 2022. "Anticipating Disagreement in Dynamic Contracting [An incomplete contracts approach to financial contracting]," Review of Finance, European Finance Association, vol. 26(5), pages 1241-1265.
    93. Schumacher Heiner & Gerling Kerstin & Kowalik Michal, 2015. "Entrepreneurial Risk Choice and Credit Market Equilibria," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 15(3), pages 1455-1480, July.
    94. Barboni, Giorgia, 2017. "Repayment flexibility in microfinance contracts: Theory and experimental evidence on take up and selection," Journal of Economic Behavior & Organization, Elsevier, vol. 142(C), pages 425-450.
    95. de Meza, David & Dawson, Christopher & Henley, Andrew & Arabsheibani, G. Reza, 2019. "Curb your enthusiasm: Optimistic entrepreneurs earn less," European Economic Review, Elsevier, vol. 111(C), pages 53-69.
    96. Joseph E Fargione & Clarence Lehman & Stephen Polasky, 2011. "Entrepreneurs, Chance, and the Deterministic Concentration of Wealth," PLOS ONE, Public Library of Science, vol. 6(7), pages 1-6, July.
    97. Leitner, Stephan & Rausch, Alexandra & Behrens, Doris A., 2017. "Distributed investment decisions and forecasting errors: An analysis based on a multi-agent simulation model," European Journal of Operational Research, Elsevier, vol. 258(1), pages 279-294.
    98. Sari Pekkala Kerr & William R. Kerr & Tina Xu, 2017. "Personality Traits of Entrepreneurs: A Review of Recent Literature," NBER Working Papers 24097, National Bureau of Economic Research, Inc.
    99. Kai Nie & Man Yu, 2013. "Research on fresh agriculture product based on overconfidence of the retailer under options and spot markets dominated," Papers 1312.2203, arXiv.org.
    100. Laux, Volker & Stocken, Phillip C., 2012. "Managerial reporting, overoptimism, and litigation risk," Journal of Accounting and Economics, Elsevier, vol. 53(3), pages 577-591.
    101. Hardeep Singh Mundi, 2023. "Impact of CEO Overconfidence on Capital Structure Decisions: Evidence from S&P BSE 200," Vision, , vol. 27(1), pages 63-78, February.
    102. Joon Mahn Lee & Byoung‐Hyoun Hwang & Hailiang Chen, 2017. "Are founder CEOs more overconfident than professional CEOs? Evidence from S&P 1500 companies," Strategic Management Journal, Wiley Blackwell, vol. 38(3), pages 751-769, March.
    103. Elhem Ben Fatma & Ezzeddine Ben Mohamed & Léo-Paul Dana & Sami Boudabbous, 2021. "Does entrepreneurs’ psychology affect their business venture success? Empirical findings from North Africa," International Entrepreneurship and Management Journal, Springer, vol. 17(2), pages 921-962, June.
    104. Åstebro, Thomas & Chen, Jing, 2014. "The entrepreneurial earnings puzzle: Mismeasurement or real?," Journal of Business Venturing, Elsevier, vol. 29(1), pages 88-105.
    105. Bengtsson, Ola & Ekeblom, Daniel, 2014. "The Bright but Right View? New Evidence on Entrepreneurial Optimism," Working Papers 2014:1, Lund University, Department of Economics.
    106. Yan, Shan, 2015. "Managerial attitudes and takeover outcomes: Evidence from corporate filings," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 35(C), pages 30-44.
    107. Wei Ye & Yong Zhang, 2019. "CEO traits, dynamic compensation and capital structure," PLOS ONE, Public Library of Science, vol. 14(2), pages 1-11, February.
    108. Bengtsson, Ola & Ekeblom, Daniel, 2014. "The Bright but Right View? A New Type of Evidence on Entrepreneurial Optimism," Working Paper Series 1008, Research Institute of Industrial Economics.
    109. Suresh de Mel & David McKenzie & Christopher Woodruff, 2010. "Who are the Microenterprise Owners? Evidence from Sri Lanka on Tokman versus De Soto," NBER Chapters, in: International Differences in Entrepreneurship, pages 63-87, National Bureau of Economic Research, Inc.
    110. li, Hong & Mu, Congming & Yang, Jinqiang, 2016. "Optimal contract theory with time-inconsistent preferences," Economic Modelling, Elsevier, vol. 52(PB), pages 519-530.
    111. Johan Hombert & Antoinette Schoar & David Sraer & David Thesmar, 2020. "Can Unemployment Insurance Spur Entrepreneurial Activity? Evidence from France," Journal of Finance, American Finance Association, vol. 75(3), pages 1247-1285, June.
    112. Anja Sautmann, 2011. "Contracts for Agents with Biased Beliefs: Some Theory and an Experiment," Working Papers 2011-10, Brown University, Department of Economics.
    113. Ridha Esghaier, 2017. "Capital Structure Choices and Behavioral Biases: An Application to a Panel of US Industrial Companies," International Journal of Economics and Financial Issues, Econjournals, vol. 7(4), pages 608-622.
    114. Petr Houdek & Petr Koblovský, 2016. "Behavioural Finance and Organisations: A Review [Přehled oboru behaviorální finance a organizace]," Acta Oeconomica Pragensia, Prague University of Economics and Business, vol. 2016(2), pages 33-45.
    115. Deshmukh, Sanjay & Goel, Anand M. & Howe, Keith M., 2013. "CEO overconfidence and dividend policy," Journal of Financial Intermediation, Elsevier, vol. 22(3), pages 440-463.
    116. Bond, Philip & Newman, Andrew F., 2009. "Prohibitions on punishments in private contracts," Journal of Financial Intermediation, Elsevier, vol. 18(4), pages 526-540, October.
    117. Eric Van den Steen, 2010. "Culture Clash: The Costs and Benefits of Homogeneity," Management Science, INFORMS, vol. 56(10), pages 1718-1738, October.
    118. Lin, Chih-Yung & Chen, Yehning & Ho, Po-Hsin & Yen, Ju-Fang, 2020. "CEO overconfidence and bank loan contracting," Journal of Corporate Finance, Elsevier, vol. 64(C).
    119. Martin Koudstaal & Randolph Sloof & Mirjam van Praag, 2015. "Are Entrepreneurs more Optimistic and Overconfident than Managers and Employees?," Tinbergen Institute Discussion Papers 15-124/VII, Tinbergen Institute.
    120. Hyytinen, Ari & Pajarinen, Mika & Rouvinen, Petri, 2015. "Does innovativeness reduce startup survival rates?," Journal of Business Venturing, Elsevier, vol. 30(4), pages 564-581.
    121. Itzhak Venezia, 2018. "Lecture Notes in Behavioral Finance," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 10751, March.
    122. Sabrina T. Howell, 2017. "Reducing Information Frictions in Venture Capital: The Role of New Venture Competitions," NBER Working Papers 23874, National Bureau of Economic Research, Inc.
    123. Z.V. Kambourova & F.C. Stam, 2016. "Entrepreneurs’ Overoptimism During The Early Life Course Of The Firm," Working Papers 16-14, Utrecht School of Economics.
    124. Parker, Simon C., 2013. "Do serial entrepreneurs run successively better-performing businesses?," Journal of Business Venturing, Elsevier, vol. 28(5), pages 652-666.
    125. Lin, Tse-Chun & Pursiainen, Vesa, 2023. "Gender differences in reward-based crowdfunding," Journal of Financial Intermediation, Elsevier, vol. 53(C).
    126. Giovanni Immordino & Anna Maria C. Menichini & Maria Grazia Romano, 2012. "Optimal Compensation Contracts for Optimistic Managers," Working Papers 3_224, Dipartimento di Scienze Economiche e Statistiche, Università degli Studi di Salerno.
    127. Jiang Wei & Xiao Min & You Jiaxing, 2011. "Managerial overconfidence and debt maturity structure of firms," China Finance Review International, Emerald Group Publishing Limited, vol. 1(3), pages 262-279, July.
    128. Ucbasaran, Deniz & Westhead, Paul & Wright, Mike & Flores, Manuel, 2010. "The nature of entrepreneurial experience, business failure and comparative optimism," Journal of Business Venturing, Elsevier, vol. 25(6), pages 541-555, November.
    129. Vikas Mehrotra & Randall Morck, 2017. "Governance and Stakeholders," NBER Working Papers 23460, National Bureau of Economic Research, Inc.
    130. Eric Van den Steen, 2010. "On the origin of shared beliefs (and corporate culture)," RAND Journal of Economics, RAND Corporation, vol. 41(4), pages 617-648, December.
    131. Schmalz, Martin & Ortner, Juan, 2018. "Disagreement and Security Design," CEPR Discussion Papers 12596, C.E.P.R. Discussion Papers.

  36. Augustin Landier & D. Sraer & David Thesmar, 2009. "Financial Risk Management: When Does Independence Fail?," Post-Print hal-00461112, HAL.

    Cited by:

    1. Andries, Alin Marius & Brown, Martin, 2014. "Credit Booms and Busts in Emerging Markets: The Role of Bank Governance and Risk Managment," Working Papers on Finance 1414, University of St. Gallen, School of Finance.
    2. Zalina Zainudin & Shaharin Abdul Samad & Rana Altounjy, 2019. "The Determinants Factors of an Effective Risk-Aware Culture of Firms in Implementing and Maintaining Risk Management Program," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 11(5), pages 459-465, August.
    3. Cãtãlina Sitnikov & Claudiu George Bocean & Dorel Berceanu & Ramona Pîrvu, 2017. "Risk Management Model from the Perspective of the Implementing ISO 9001:2015 Standard Within Financial Services Companies," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 19(S11), pages 1017-1017.
    4. Nicoleta BARBUTA-MISU, 2012. "Financial Risk Study of the Construction Sector SMEs," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 3, pages 31-38.
    5. Rene M. Stulz, 2016. "Risk management, governance, culture, and risk taking in banks," Economic Policy Review, Federal Reserve Bank of New York, issue Aug, pages 43-60.
    6. Ravi Kashyap, 2024. "The Concentration Risk Indicator: Raising the Bar for Financial Stability and Portfolio Performance Measurement," Papers 2408.07271, arXiv.org.
    7. Mihaela-Cristina Onica & Jalba Silvia & Nedelcu Andreea - Izabela, 2015. "Comparative Analysis Regarding The Study Of The Financial Balance Of Companies Listed On The Stock Market," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 509-525.
    8. Alin Marius Andries & Martin Brown, 2017. "Credit booms and busts in emerging markets," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 25(3), pages 377-437, July.
    9. François-Xavier de Vaujany & Vladislav Fomin & Kalle Lyytinen & Stefan Haefliger, 2013. "Sociomaterial regulation in organizations: The case of information technology," Post-Print hal-01648122, HAL.
    10. He, Ying & Chen, Cindy & Hu, Yue, 2019. "Managerial overconfidence, internal financing, and investment efficiency: Evidence from China," Research in International Business and Finance, Elsevier, vol. 47(C), pages 501-510.
    11. René M. Stulz, 2014. "Governance, Risk Management, and Risk-Taking in Banks," NBER Working Papers 20274, National Bureau of Economic Research, Inc.
    12. Baesens, Bart & Smedts, Kristien, 2025. "Boosting credit risk models," The British Accounting Review, Elsevier, vol. 57(4).

  37. Augustin Landier & D. Sraer & David Thesmar, 2009. "Optimal Dissent in Organizations," Post-Print hal-00461108, HAL.

    Cited by:

    1. Randall Morck & Bernard Yeung, 2010. "Agency Problems and the Fate of Capitalism," NBER Working Papers 16490, National Bureau of Economic Research, Inc.
    2. Md. Mahmudul Hasan & Md. Safayat Hossain & David R. Tree, 2024. "Executives' horizon and trade credit," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 64(1), pages 1135-1157, March.
    3. Khoo, Joye & Cheung, Adrian (Wai Kong), 2024. "Subordinate executives’ horizon and cash holdings," International Review of Economics & Finance, Elsevier, vol. 96(PA).
    4. Lukyanov, Georgy & Shamruk, Konstantin & Su, Tong & Wakrim, Ahmed, 2022. "Public communication with externalities," Games and Economic Behavior, Elsevier, vol. 136(C), pages 177-196.
    5. Roland Bénabou, 2013. "Groupthink: Collective Delusions in Organizations and Markets," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 80(2), pages 429-462.
    6. Manuel Berkmann & Maik Eisenbeiss & Werner Reinartz & Nico Schauerte, 2024. "Leveraging B2B field service technicians as a “second sales force”: How service situations affect selling activity and success," Journal of the Academy of Marketing Science, Springer, vol. 52(3), pages 736-761, May.
    7. Pham, Man Duy (Marty), 2022. "Management friendship and insider opportunism," International Review of Financial Analysis, Elsevier, vol. 84(C).
    8. Laurent Bach & Nicolas Serrano-Velarde, 2009. "The Power of Dynastic Commitment," Working Papers 0924, Oxford University Centre for Business Taxation.
    9. Firk, Sebastian & Detzen, Nina & Hennig, Jan C. & Wolff, Michael, 2024. "Strengthening the CEO–CFO interplay: The role of regulatory focus and similar compensation plans," Accounting, Organizations and Society, Elsevier, vol. 113(C).
    10. Saori Chiba & Kaiwen Leong & Kaiwen Leong, 2013. "Cheap Talk with Outside Options," Working Papers 16, Venice School of Management - Department of Management, Università Ca' Foscari Venezia.
    11. Nana Adrian & Marc Möller, 2020. "Self‐managed work teams: An efficiency‐rationale for pay compression," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 29(2), pages 315-334, April.
    12. Prasad, Suraj & Tanase, Sebastian, 2021. "Competition, collaboration and organization design," Journal of Economic Behavior & Organization, Elsevier, vol. 183(C), pages 1-18.
    13. Alonso, Ricardo & Câmara, Odilon, 2024. "Organizing data analytics," LSE Research Online Documents on Economics 120780, London School of Economics and Political Science, LSE Library.
    14. Thomas J. Chemmanur & Viktar Fedaseyeu, 2018. "A Theory of Corporate Boards and Forced CEO Turnover," Management Science, INFORMS, vol. 64(10), pages 4798-4817, October.
    15. Pindard-Lejarraga, Maud & Lejarraga, José, 2024. "Information source and entrepreneurial performance expectations: Experience-based versus description-based opportunity evaluations," Journal of Business Research, Elsevier, vol. 172(C).
    16. Viral V. Acharya & Stewart C. Myers & Raghuram Rajan, 2009. "The Internal Governance of Firms," NBER Working Papers 15568, National Bureau of Economic Research, Inc.
    17. Yankuo Qiao, 2025. "The nexus of top management structure, stock liquidity and valuation: a puzzle of the Gordian knot," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 49(3), pages 822-853, September.
    18. Daniel Habermacher & Nicolás Riquelme, 2025. "Diversity and Empowerment in Organizations," Working Papers 352, Red Nacional de Investigadores en Economía (RedNIE).
    19. Jain, Pawan & Jiang, Christine & Mekhaimer, Mohamed, 2016. "Executives' horizon, internal governance and stock market liquidity," Journal of Corporate Finance, Elsevier, vol. 40(C), pages 1-23.
    20. Qiang Fu & Ming Li & Xue Qiao, 2022. "On the paradox of mediocracy," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 31(2), pages 492-521, April.
    21. Suraj Prasad & Marcus Tomaino, 2020. "Resources and culture in organizations," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 29(4), pages 854-872, October.
    22. Gao, Lei & Jiang, Christine X. & Mekhaimer, Mohamed, 2023. "Count on subordinate executives: Internal governance and innovation," Journal of Banking & Finance, Elsevier, vol. 154(C).
    23. Godsell, David & Huang, Kelly & Lao, Brent, 2023. "Managers’ rank & file employee coordination costs and real activities manipulation," Accounting, Organizations and Society, Elsevier, vol. 107(C).
    24. Saori Chiba, 2024. "Information Transmission and Countervailing Biases in Organizations," Games, MDPI, vol. 15(3), pages 1-25, May.
    25. Brandon Schaufele, 2013. "Dissent in Parliament as Reputation Building," Working Papers 1301E, University of Ottawa, Department of Economics.
    26. Fangyun Wang & Wenxiu Hu & Li Liu, 2025. "The U-Shaped Effect of Non-CEO Executives’ Internal Governance on Corporate Innovation Investment: Evidence from China," Sustainability, MDPI, vol. 17(9), pages 1-24, April.
    27. Raghuram Rajan, 2012. "The Corporation in Finance," NBER Working Papers 17760, National Bureau of Economic Research, Inc.
    28. Hideshi Itoh & Kimiyuki Morita, 2023. "Information Acquisition, Decision Making, and Implementation in Organizations," Management Science, INFORMS, vol. 69(1), pages 446-463, January.
    29. Robert S. Gibbons, 2010. "Inside Organizations: Pricing, Politics, and Path Dependence," Levine's Working Paper Archive 661465000000000249, David K. Levine.
    30. Anton Kolotilin & Hongyi, 2018. "Relational Communication," Discussion Papers 2018-12, School of Economics, The University of New South Wales.
    31. Macchiavello, Rocco, 2007. "Financial Constraints and the Costs and Benefits of Vertical Integration," CEPR Discussion Papers 6104, C.E.P.R. Discussion Papers.
    32. Hideshi ITOH, 2015. "Organizing for Change: Preference diversity, effort incentives, and separation of decision and execution," Discussion papers 15082, Research Institute of Economy, Trade and Industry (RIETI).
    33. Nana Adrian & Marc M ller, 2019. "Partnerships with Asymmetric Information: The Benefit of Sharing Equally amongst Unequals," Diskussionsschriften dp1904, Universitaet Bern, Departement Volkswirtschaft.
    34. Zhang, Yifan & Kong, Dongmin & Liu, Hening, 2024. "Internal governance and investment efficiency: The role of non-CEO executives," International Review of Financial Analysis, Elsevier, vol. 96(PB).
    35. Johannes Spinnewijn & Florian Ederer & Arthur Campbell, 2011. "Information Search and Revelation in Groups," 2011 Meeting Papers 997, Society for Economic Dynamics.
    36. Georgy Lukyanov & Konstantin Shamruk & Tong Su & Ahmed Wakrim, 2025. "Public Communication with Externalities," Papers 2509.08850, arXiv.org.
    37. Kräkel, Matthias & Müller, Daniel, 2015. "Merger efficiency and managerial incentives," International Journal of Industrial Organization, Elsevier, vol. 41(C), pages 51-63.
    38. Saori Chiba & Kaiwen Leong, 2013. "Managerial Economics of Cheap Talk," Working Papers 24, Venice School of Management - Department of Management, Università Ca' Foscari Venezia.
    39. Brick, Ivan E. & Palia, Darius & Qiao, Yankuo, 2024. "Impact of internal governance on investment policy: Evidence from CEO voluntary turnovers," Journal of Corporate Finance, Elsevier, vol. 89(C).
    40. Omiya, Shungo & Tamada, Yasunari & Tsai, Tsung-Sheng, 2017. "Optimal delegation with self-interested agents and information acquisition," Journal of Economic Behavior & Organization, Elsevier, vol. 137(C), pages 54-71.
    41. E. Han Kim & Yao Lu, 2018. "Executive Suite Independence: Is It Related to Board Independence?," Management Science, INFORMS, vol. 64(3), pages 1015-1033, March.
    42. Kyung-Hee Park & Jinho Byun & Paul Moon Sub Choi, 2019. "Managerial Overconfidence, Corporate Social Responsibility Activities, and Financial Constraints," Sustainability, MDPI, vol. 12(1), pages 1-14, December.
    43. Zhang, Jian & Wang, Jialong & Kong, Dongmin, 2020. "Employee treatment and corporate fraud," Economic Modelling, Elsevier, vol. 85(C), pages 325-334.
    44. Augustin Landier & David Sraer & David Thesmar, 2009. "Financial Risk Management: When Does Independence Fail?," American Economic Review, American Economic Association, vol. 99(2), pages 454-458, May.
    45. Yankuo Qiao, 2023. "To delegate or not to delegate? On the quality of voluntary corporate financial disclosure," Review of Managerial Science, Springer, vol. 17(7), pages 2215-2250, October.
    46. Mekhaimer, Mohamed & Abakah, Alex Annan & Ibrahim, Awad & Hussainey, Khaled, 2022. "Subordinate executives' horizon and firm policies," Journal of Corporate Finance, Elsevier, vol. 74(C).
    47. Pham, Man Duy (Marty), 2022. "Management connection and firm performance: Evidence from Global Financial Crisis," Journal of Behavioral and Experimental Finance, Elsevier, vol. 34(C).
    48. Anthony M. Marino & John G. Matsusaka & Jan Zabojnik, 2006. "Disobedience And Authority," Working Paper 1109, Economics Department, Queen's University.
    49. Van den Steen, Eric, 2007. "The Limits of Authority: Motivation versus Coordination," Working papers 37305, Massachusetts Institute of Technology (MIT), Sloan School of Management.
    50. Hoitash, Udi & Mkrtchyan, Anahit, 2022. "Internal governance and outside directors’ connections to non-director executives," Journal of Accounting and Economics, Elsevier, vol. 73(1).
    51. Indridi Indridason, 2008. "To dissent or not to dissent? Informative dissent and parliamentary governance," Economics of Governance, Springer, vol. 9(4), pages 363-392, October.
    52. Saori CHIBA & Kaiwen LEONG, 2018. "Information Aggregation and Countervailing Biases in Organizations," Discussion papers e-18-007, Graduate School of Economics , Kyoto University.

  38. Augustin Landier & Mathias Thoenig & David Thesmar, 2008. "Investigating capitalism aversion," Post-Print hal-00461103, HAL.

    Cited by:

    1. Philippe Aghion & Yann Algan & Pierre Cahuc & Andrei Shleifer, 2009. "Regulation and Distrust," Working Papers hal-00396268, HAL.
    2. Peter Calcagno & Beatriz Maldonado & Todd Nesbit & Mary Frances Zeager, 2024. "Political systems, regime memory, and economic freedom," Contemporary Economic Policy, Western Economic Association International, vol. 42(2), pages 336-354, April.
    3. Golinelli, Roberto & Rovelli, Riccardo, 2013. "Did growth and reforms increase citizens' support for the transition?," European Journal of Political Economy, Elsevier, vol. 30(C), pages 112-137.
    4. Riccardo Rovelli & Anzelika Zaiceva, 2013. "Did support for economic and political reforms increase during the post-communist transition, and if so, why?," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 21(2), pages 193-240, April.
    5. Pitlik, Hans & Kouba, Ludek, 2014. "Does social distrust always lead to a stronger support for government intervention?," Ratio Working Papers 227, The Ratio Institute.
    6. Lucie Coufalová & Lenka Kolajtová & Libor Žídek, 2023. "Public support for economic transition," Economics of Transition and Institutional Change, John Wiley & Sons, vol. 31(1), pages 161-187, January.
    7. Verdier, Thierry & Olivier, Jacques & Maystre, Nicolas, 2009. "Product-Based Cultural Change: Is the Village Global?," CEPR Discussion Papers 7438, C.E.P.R. Discussion Papers.
    8. Tarabar, Danko, 2017. "Culture, democracy, and market reforms: Evidence from transition countries," Journal of Comparative Economics, Elsevier, vol. 45(3), pages 456-480.
    9. Adry Liliana Manrique Lagos, 2019. "De la reflexión a la práctica: experiencias y reflexiones en la formación docente," Books, Universidad Externado de Colombia, Facultad de Ciencias de la Educación, number 31.
    10. Kemp, Simon & Bolle, Friedel, 2013. "Are egalitarian preferences based on envy?," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 45(C), pages 57-63.
    11. Ludek Kouba & Hans Pitlik, 2014. "I wanna live my life: Locus of Control and Support for the Welfare State," MENDELU Working Papers in Business and Economics 2014-46, Mendel University in Brno, Faculty of Business and Economics.
    12. Grosjean, Pauline & Ricka, Frantisek & Senik, Claudia, 2013. "Learning, political attitudes and crises: Lessons from transition countries," Journal of Comparative Economics, Elsevier, vol. 41(2), pages 490-505.
    13. Hans Pitlik & Ludek Kouba, 2014. "Does Social Distrust Always Lead to a Stronger Support for Government Intervention? WWWforEurope Policy Paper No. 8," WIFO Studies, WIFO, number 47113, June.
    14. Buera, Francisco & Primiceri, Giorgio & Monge-Naranjo, Alexander, 2010. "Learning the Wealth of Nations," CEPR Discussion Papers 8030, C.E.P.R. Discussion Papers.
    15. Markus Leibrecht & Hans Pitlik, 2018. "Is Trust in Companies Rooted in Social Trust, or Regulatory Quality, or Both?," John H Dunning Centre for International Business Discussion Papers jhd-dp2018-03, Henley Business School, University of Reading.
    16. Rafael Di Tella & Sebastian Galiani & Ernesto Schargrodsky, 2008. "Reality versus Propaganda in the Formation of Beliefs about Privatization," NBER Working Papers 14483, National Bureau of Economic Research, Inc.
    17. Rafael Di Tella & Robert MacCulloch, 2009. "Why Doesn't Capitalism Flow to Poor Countries?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 40(1 (Spring), pages 285-332.
    18. Neher, Frank, 2011. "Markets wanted: Expectation overshooting in transition," Discussion Papers 2011/1, Free University Berlin, School of Business & Economics.
    19. Coricelli, Fabrizio & Bicaba, Zorobabel T., 2015. "Learning to open up: Capital account liberalizations in the post-Bretton Woods era," CEPR Discussion Papers 10389, C.E.P.R. Discussion Papers.
    20. Veronique Bessiere & Michael Kaestner & Anne-Laurence Lafont, 2011. "Hedge fund activism: insights from a French clinical study," Applied Financial Economics, Taylor & Francis Journals, vol. 21(16), pages 1225-1234.
    21. Frank Neher, 2013. "Markets wanted: expectation overshooting in transition economies," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 60(2), pages 187-219, June.
    22. Rovelli, Riccardo & Zaiceva, Anzelika, 2009. "Transition Fatigue? Cross-Country Evidence from Micro Data," IZA Discussion Papers 4224, Institute of Labor Economics (IZA).

  39. Alex Edmans & Xavier Gabaix & Augustin Landier, 2007. "A Calibratable Model of Optimal CEO Incentives in Market Equilibrium," NBER Working Papers 13372, National Bureau of Economic Research, Inc.

    Cited by:

    1. Dalida Kadyrzhanova & Antonio Falato, 2008. "Optimal CEO Incentives and Industry Dynamics," 2008 Meeting Papers 880, Society for Economic Dynamics.
    2. Carola Frydman & Raven E. Saks, 2008. "Executive Compensation: A New View from a Long-Term Perspective, 1936-2005," NBER Working Papers 14145, National Bureau of Economic Research, Inc.
    3. Giannetti, Mariassunta, 2007. "Serial CEO Incentives and the Structure of Managerial Contracts," CEPR Discussion Papers 6422, C.E.P.R. Discussion Papers.
    4. Asher Curtis & Valerie Li & Paige H. Patrick, 2021. "The use of adjusted earnings in performance evaluation," Review of Accounting Studies, Springer, vol. 26(4), pages 1290-1322, December.
    5. Yuichiro Matsumoto, 2018. "Endogenous Sunk Cost, Scale Economies, and Market Concentration," Discussion Papers in Economics and Business 18-20, Osaka University, Graduate School of Economics.
    6. Herdan Agnieszka & Szczepańska Katarzyna, 2011. "Directors Remuneration and Companies' Performance the Comparison of Listed Companies in Poland and UK," Foundations of Management, Sciendo, vol. 3(2), pages 41-54, January.
    7. Sebastian Gryglewicz & Barney Hartman-Glaser & Geoffery Zheng, 2020. "Growth Options, Incentives, and Pay for Performance: Theory and Evidence," Management Science, INFORMS, vol. 66(3), pages 1248-1277, March.
    8. Hanno Lustig & Chad Syverson & Stijn Van Nieuwerburgh, 2009. "Technological Change and the Growing Inequality in Managerial Compensation," NBER Working Papers 14661, National Bureau of Economic Research, Inc.
    9. Nicholas Bloom & John Van Reenen, 2010. "Human Resource Management and Productivity," CEP Discussion Papers dp0982, Centre for Economic Performance, LSE.
    10. Xavier Gabaix, 2008. "Power Laws in Economics and Finance," NBER Working Papers 14299, National Bureau of Economic Research, Inc.
    11. Ingolf Dittmann & Ko-Chia Yu, 2009. "How Important Are Risk-Taking Incentives in Executive Compensation?," Tinbergen Institute Discussion Papers 09-076/2, Tinbergen Institute.
    12. Hengjie Ai & Kai Li & Rui Li, 2024. "Moral Hazard and Investment-Cash-Flow Sensitivity," Annals of Economics and Finance, Society for AEF, vol. 25(1), pages 143-174, May.

  40. Xavier Gabaix & Augustin Landier, 2006. "Why Has CEO Pay Increased So Much?," NBER Working Papers 12365, National Bureau of Economic Research, Inc.

    Cited by:

    1. Natasha Burns & Andrew Keithley & Kristina Minnick & Mia L. Rivolta, 2022. "When in Rome: Local social norms and income differences," The Financial Review, Eastern Finance Association, vol. 57(3), pages 457-484, August.
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    721. Simeon Alder, 2010. "In the Wrong Hands: Complementarities, Resource Allocation, and TFP," Working Papers 018, University of Notre Dame, Department of Economics, revised Nov 2012.
    722. Xavier Gabaix, 2008. "Power Laws in Economics and Finance," NBER Working Papers 14299, National Bureau of Economic Research, Inc.
    723. Cavenaile, Laurent, 2021. "Offshoring, computerization, labor market polarization and top income inequality," Journal of Macroeconomics, Elsevier, vol. 69(C).
    724. Lee, Changmin, 2011. "New evidence on what happens to CEOs after they retire," Journal of Corporate Finance, Elsevier, vol. 17(3), pages 474-482, June.
    725. Jaehong Lee & Suyon Kim & Eunsoo Kim, 2022. "Environmental Responsibility, Social Responsibility, and Governance from the Perspective of Auditors," IJERPH, MDPI, vol. 19(19), pages 1-14, September.
    726. Hu, Fang & Tan, Weiqiang & Xin, Qingquan & Yang, Sixian, 2013. "How do market forces affect executive compensation in Chinese state-owned enterprises?," China Economic Review, Elsevier, vol. 25(C), pages 78-87.
    727. Eahab Elsaid & Wallace Davidson & Xiaoxin Wang, 2011. "CEO successor compensation: outside versus inside successions," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 15(2), pages 187-205, May.
    728. Giannetti, Mariassunta & Metzger, Daniel, 2015. "Compensation and competition for talent: Evidence from the financial industry," Finance Research Letters, Elsevier, vol. 12(C), pages 11-16.
    729. Vladimirov, Vladimir, 2021. "Financing Skilled Labor," CEPR Discussion Papers 15751, C.E.P.R. Discussion Papers.
    730. Piketty, Thomas & Blanchet, Thomas & Fournier, Juliette, 2017. "Generalized Pareto Curves: Theory and Applications," CEPR Discussion Papers 12404, C.E.P.R. Discussion Papers.
    731. Gersbach, Hans & Schmutzler, Armin, 2007. "Does Globalization Create Superstars?," CEPR Discussion Papers 6222, C.E.P.R. Discussion Papers.
    732. Haylock, Michael, 2020. "Executives' short-term and long-term incentives - a distributional analysis," University of Tübingen Working Papers in Business and Economics 131, University of Tuebingen, Faculty of Economics and Social Sciences, School of Business and Economics.
    733. Schymik, Jan, 2017. "Earnings Inequality and the Global Division of Labor: Evidence from the Executive Labor Market," Discussion Papers in Economics 38385, University of Munich, Department of Economics.
    734. Pierre-André Chiappori & Bernard Salanié, 2016. "The Econometrics of Matching Models," Journal of Economic Literature, American Economic Association, vol. 54(3), pages 832-861, September.
    735. Bryson, Alex & Forth, John & Zhou, Minghai, 2014. "Same or different? The CEO labour market in China's public listed companies," LSE Research Online Documents on Economics 56054, London School of Economics and Political Science, LSE Library.
    736. Steven N. Kaplan & Morten Sorensen, 2017. "Are CEOs Different? Characteristics of Top Managers," NBER Working Papers 23832, National Bureau of Economic Research, Inc.
    737. Upadhyay, Arun & Öztekin, Özde, 2021. "What matters more in board independence? Form or substance: Evidence from influential CEO-directors," Journal of Corporate Finance, Elsevier, vol. 71(C).
    738. Wang, Wenyu & Wu, Yufeng, 2020. "Managerial control benefits and takeover market efficiency," Journal of Financial Economics, Elsevier, vol. 136(3), pages 857-878.
    739. Lucie Courteau & Roberto Di Pietra & Paolo Giudici & Andrea Melis, 2017. "The role and effect of controlling shareholders in corporate governance," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 21(3), pages 561-572, September.
    740. Frédéric TEULON, 2014. "CEO compensation and topmanagement incentives. Internal or social problems ?," Working Papers 2014-187, Department of Research, Ipag Business School.
    741. Benhabib, Jess & Hager, Mildred, 2021. "Revenue diversion, the allocation of talent, and income distribution," Mathematical Social Sciences, Elsevier, vol. 112(C), pages 138-144.
    742. Jose E. Gomez-Gonzalez & Oscar Mauricio Valencia, 2014. "Innovation and Growth under Private Information," Borradores de Economia 845, Banco de la Republica de Colombia.
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    749. André Betzer & Maximilian Ibel & Hye Seung (Grace) Lee & Peter Limbach & Jesus M. Salas, 2017. "Are Generalists Beneficial to Corporate Shareholders? Evidence from Sudden Deaths," Schumpeter Discussion Papers SDP16009, Universitätsbibliothek Wuppertal, University Library.
    750. Arnaud Dupuy & Alfred Galichon, 2012. "Personality traits and the marriage market," Sciences Po Economics Publications (main) hal-01070393, HAL.
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  41. Thesmar, David & Landier, Augustin & Sraer, David, 2006. "Bottom-Up Corporate Governance," CEPR Discussion Papers 5500, C.E.P.R. Discussion Papers.

    Cited by:

    1. Ulrike Malmendier & Vincenzo Pezone & Hui Zheng, 2023. "Managerial Duties and Managerial Biases," Management Science, INFORMS, vol. 69(6), pages 3174-3201, June.
    2. Sujuan Xie & Yujiang Chen & Yunguo Liu, 2021. "Internal governance and innovation," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 61(S1), pages 2507-2538, April.
    3. Lucio Biggiero & Enrico Sevi, 2009. "Opportunism by cheating and its effects on industry profitability. The CIOPS model," Computational and Mathematical Organization Theory, Springer, vol. 15(3), pages 191-236, September.
    4. Md. Mahmudul Hasan & Md. Safayat Hossain & David R. Tree, 2024. "Executives' horizon and trade credit," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 64(1), pages 1135-1157, March.
    5. Duong, Kiet Tuan & Banti, Chiara & Instefjord, Norvald, 2021. "Managerial conservatism and corporate policies," Journal of Corporate Finance, Elsevier, vol. 68(C).
    6. Sheikh, Shahbaz, 2018. "The impact of market competition on the relation between CEO power and firm innovation," Journal of Multinational Financial Management, Elsevier, vol. 44(C), pages 36-50.
    7. Khoo, Joye & Cheung, Adrian (Wai Kong), 2024. "Subordinate executives’ horizon and cash holdings," International Review of Economics & Finance, Elsevier, vol. 96(PA).
    8. Karaevli, Ayse & Yurtoglu, B. Burcin, 2021. "Family ownership, market development, and internationalization of Turkish business groups (1925-2017)," Journal of World Business, Elsevier, vol. 56(6).
    9. Ni, Xiaoran, 2020. "Does stakeholder orientation matter for earnings management: Evidence from non-shareholder constituency statutes," Journal of Corporate Finance, Elsevier, vol. 62(C).
    10. Pham, Man Duy (Marty), 2022. "Management friendship and insider opportunism," International Review of Financial Analysis, Elsevier, vol. 84(C).
    11. Nooraisah Katmon & Omar Al Farooque, 2017. "Exploring the Impact of Internal Corporate Governance on the Relation Between Disclosure Quality and Earnings Management in the UK Listed Companies," Journal of Business Ethics, Springer, vol. 142(2), pages 345-367, May.
    12. Chien, Yi-Hsin & Hung, Mao-Wei, 2020. "The impact of appointment-based CEO connectedness on firms’ performance and profitability," The North American Journal of Economics and Finance, Elsevier, vol. 53(C).
    13. Firk, Sebastian & Detzen, Nina & Hennig, Jan C. & Wolff, Michael, 2024. "Strengthening the CEO–CFO interplay: The role of regulatory focus and similar compensation plans," Accounting, Organizations and Society, Elsevier, vol. 113(C).
    14. Nan Gao & Pinghan Liang & Lixin Colin Xu, 2021. "Power struggle and pork barrel politics in authoritarian countries: Evidence from China," Economics of Transition and Institutional Change, John Wiley & Sons, vol. 29(1), pages 123-150, January.
    15. Ying Dou & Sidharth Sahgal & Emma Jincheng Zhang, 2015. "Should Independent Directors Have Term Limits? The Role of Experience in Corporate Governance," Financial Management, Financial Management Association International, vol. 44(3), pages 583-621, September.
    16. Francesco Lippi & Fabiano Schivardi, 2010. "Corporate Control and Executive Selection," EIEF Working Papers Series 1014, Einaudi Institute for Economics and Finance (EIEF), revised Jul 2010.
    17. Troy D. Smith, 2015. "Private Equity Investment in India: Efficiency vs Expansion," Discussion Papers 15-011, Stanford Institute for Economic Policy Research.
    18. Viral V. Acharya & Stewart C. Myers & Raghuram Rajan, 2009. "The Internal Governance of Firms," NBER Working Papers 15568, National Bureau of Economic Research, Inc.
    19. Yankuo Qiao, 2025. "The nexus of top management structure, stock liquidity and valuation: a puzzle of the Gordian knot," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 49(3), pages 822-853, September.
    20. Yankuo Qiao, 2022. "Internal governance and corporate acquisition activities," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 12(2), pages 373-408, June.
    21. Jain, Pawan & Jiang, Christine & Mekhaimer, Mohamed, 2016. "Executives' horizon, internal governance and stock market liquidity," Journal of Corporate Finance, Elsevier, vol. 40(C), pages 1-23.
    22. Muluneh Hideto Dato & Roy Mersland & Neema Mori, 2018. "Board Committees and Performance in Microfinance Institutions: Evidence from Ethiopia," Post-Print hal-05221013, HAL.
    23. Gao, Lei & Jiang, Christine X. & Mekhaimer, Mohamed, 2023. "Count on subordinate executives: Internal governance and innovation," Journal of Banking & Finance, Elsevier, vol. 154(C).
    24. Khoo, Joye & Cheung, Adrian (Wai Kong), 2025. "Subordinate executives’ confidence and labor investment efficiency," International Review of Economics & Finance, Elsevier, vol. 98(C).
    25. Beatriz Aibar-Guzmán & José-Valeriano Frías-Aceituno, 2021. "Is It Necessary to Centralize Power in the CEO to Ensure Environmental Innovation?," Administrative Sciences, MDPI, vol. 11(1), pages 1-21, March.
    26. Xu, Lin & Rao, Yulei & Cheng, Yingmei & Wang, Jianxin, 2020. "Internal coalition and stock price crash risk," Journal of Corporate Finance, Elsevier, vol. 64(C).
    27. Sheikh, Shahbaz, 2022. "CEO power and the likelihood of paying dividends: Effect of profitability and cash flow volatility," Journal of Corporate Finance, Elsevier, vol. 73(C).
    28. Greg Filbeck & Raymond Gorman & Xin Zhao, 2012. "Barron's Survey: The World's Best CEOs," Accounting and Finance Research, Sciedu Press, vol. 1(1), pages 1-18, May.
    29. Jun Lu & Wei Wang, 2015. "Board independence and corporate investments," Review of Financial Economics, John Wiley & Sons, vol. 24(1), pages 52-64, January.
    30. Ogoe, Satoshi & Suzuki, Katsushi, 2023. "Former CEO advisors and firm performance," Pacific-Basin Finance Journal, Elsevier, vol. 79(C).
    31. Ahn, Seoungpil & Walker, Mark D., 2007. "Corporate governance and the spinoff decision," Journal of Corporate Finance, Elsevier, vol. 13(1), pages 76-93, March.
    32. Sohail Ahmad Javeed & Tze San Ong & Rashid Latief & Haslinah Muhamad & Wei Ni Soh, 2021. "Conceptualizing the Moderating Role of CEO Power and Ownership Concentration in the Relationship between Audit Committee and Firm Performance: Empirical Evidence from Pakistan," Sustainability, MDPI, vol. 13(11), pages 1-26, June.
    33. Alatassi Bchr & Letza Steve, 2018. "Best practice in bank corporate governance: The case of Islamic banks," Economics and Business Review, Sciendo, vol. 4(4), pages 115-133, November.
    34. Mroczek-Dąbrowska Katarzyna & Shemesh Yaron, 2020. "(Re)-structuring the Ceo’s compensation—the case of Israel," Economics and Business Review, Sciendo, vol. 6(3), pages 105-117, August.
    35. Guohua Qu & Yue Zhang & Kaichao Tan & Jiangtao Han & Weihua Qu, 2022. "Exploring Knowledge Domain and Emerging Trends in Climate Change and Environmental Audit: A Scientometric Review," IJERPH, MDPI, vol. 19(7), pages 1-22, March.
    36. Zhang, Yifan & Kong, Dongmin & Liu, Hening, 2024. "Internal governance and investment efficiency: The role of non-CEO executives," International Review of Financial Analysis, Elsevier, vol. 96(PB).
    37. Spartak Keremidchiev & Miroslav Nedelchev, 2020. "Theories Of Corporate Governance At State-Owned Enterprises," Economics and Management, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 17(2), pages 61-71.
    38. D. G. DeBoskey & Yan Luo & Linying Zhou, 2019. "CEO power, board oversight, and earnings announcement tone," Review of Quantitative Finance and Accounting, Springer, vol. 52(2), pages 657-680, February.
    39. Shane S. Dikolli & John C. Heater & William J. Mayew & Mani Sethuraman, 2021. "Chief Financial Officer Co-option and Chief Executive Officer Compensation," Management Science, INFORMS, vol. 67(3), pages 1939-1955, March.
    40. Ciaran Driver & Maria João Coelho Guedes, 2017. "R&D and CEO departure date: do financial incentives make CEOs more opportunistic?," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 26(5), pages 801-820.
    41. Rizzo, Emanuele, 2018. "Essays on corporate governance and the impact of regulation on financial markets," Other publications TiSEM b5158260-ea13-4763-b992-6, Tilburg University, School of Economics and Management.
    42. Sheng‐Fu Wu & Chung‐Yi Fang & Wei Chen, 2020. "Corporate governance and stock price crash risk: Evidence from Taiwan," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 41(7), pages 1312-1326, October.
    43. Cioban (Lucan) Alexandra Narcisa, 2016. "The Influence Of The Corporate Governance Mechanisms And Audit Fees On The Financial Performance Measured With Roa," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 5, pages 20-31, October.
    44. Brick, Ivan E. & Palia, Darius & Qiao, Yankuo, 2024. "Impact of internal governance on investment policy: Evidence from CEO voluntary turnovers," Journal of Corporate Finance, Elsevier, vol. 89(C).
    45. Xing, Jieli & Zhang, Yongjie & Xiong, Xiong, 2023. "Social capital, independent director connectedness, and stock price crash risk," International Review of Economics & Finance, Elsevier, vol. 83(C), pages 786-804.
    46. E. Han Kim & Yao Lu, 2018. "Executive Suite Independence: Is It Related to Board Independence?," Management Science, INFORMS, vol. 64(3), pages 1015-1033, March.
    47. Walter Gontarek & Yacine Belghitar, 2021. "CEO chairman controversy: evidence from the post financial crisis period," Review of Quantitative Finance and Accounting, Springer, vol. 56(2), pages 675-713, February.
    48. Saidatou Dicko & Hanen Khemakhem & Félix Zogning, 2020. "Political connections and voluntary disclosure: the case of Canadian listed companies," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 24(2), pages 481-506, June.
    49. Erin H. Kao & Ho-Chuan Huang & Hung-Gay Fung & Xiaojian Liu, 2020. "Co-opted directors, gender diversity, and crash risk: evidence from China," Review of Quantitative Finance and Accounting, Springer, vol. 55(2), pages 461-500, August.
    50. Annalisa Baldissera, 2019. "Ruling minorities within groups of companies and their problems: Proposals from the European literature, 1776-1976," CONTABILIT? E CULTURA AZIENDALE, FrancoAngeli Editore, vol. 0(1), pages 31-59.
    51. Vincent Grégoire & Charles Martineau, 2022. "How is Earnings News Transmitted to Stock Prices?," Journal of Accounting Research, John Wiley & Sons, Ltd., vol. 60(1), pages 261-297, March.
    52. Gunasekarage, Abeyratna & Luong, Hoa & Truong, Thanh Tan, 2020. "Growth and market share matrix, CEO power, and firm performance," Pacific-Basin Finance Journal, Elsevier, vol. 59(C).
    53. Adams, Carol A. & Potter, Brad & Singh, Prakash J. & York, Jodi, 2016. "Exploring the implications of integrated reporting for social investment (disclosures)," The British Accounting Review, Elsevier, vol. 48(3), pages 283-296.
    54. Peter Hahn & Meziane Lasfer, 2011. "The compensation of non-executive directors: rationale, form, and findings," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 15(4), pages 589-601, November.
    55. Tanja Artiga González & Markus Schmid & David Yermack, 2013. "Smokescreen: How Managers Behave When They Have Something To Hide," NBER Working Papers 18886, National Bureau of Economic Research, Inc.
    56. Yankuo Qiao, 2023. "To delegate or not to delegate? On the quality of voluntary corporate financial disclosure," Review of Managerial Science, Springer, vol. 17(7), pages 2215-2250, October.
    57. Sheikh, Shahbaz, 2018. "CEO power, product market competition and firm value," Research in International Business and Finance, Elsevier, vol. 46(C), pages 373-386.
    58. Mekhaimer, Mohamed & Abakah, Alex Annan & Ibrahim, Awad & Hussainey, Khaled, 2022. "Subordinate executives' horizon and firm policies," Journal of Corporate Finance, Elsevier, vol. 74(C).
    59. Pham, Man Duy (Marty), 2022. "Management connection and firm performance: Evidence from Global Financial Crisis," Journal of Behavioral and Experimental Finance, Elsevier, vol. 34(C).
    60. Burkart, Mike & Miglietta, Salvatore & Ostergaard, Charlotte, 2023. "Why do boards exist? Governance design in the absence of corporate law," LSE Research Online Documents on Economics 119365, London School of Economics and Political Science, LSE Library.
    61. Hoitash, Udi & Mkrtchyan, Anahit, 2022. "Internal governance and outside directors’ connections to non-director executives," Journal of Accounting and Economics, Elsevier, vol. 73(1).

  42. Thesmar, David & Landier, Augustin, 2003. "Financial Contracting with Optimistic Entrepreneurs: Theory and Evidence," CEPR Discussion Papers 3971, C.E.P.R. Discussion Papers.

    Cited by:

    1. Malmendier, Ulrike & Tate, Geoffrey, 2008. "Who makes acquisitions? CEO overconfidence and the market's reaction," Journal of Financial Economics, Elsevier, vol. 89(1), pages 20-43, July.
    2. Manju Puri & David Robinson, 2005. "Optimism and Economic Choice," NBER Working Papers 11361, National Bureau of Economic Research, Inc.
    3. Karel Janda, 2006. "Lender and Borrower as Principal and Agent," Working Papers IES 2006/24, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Jul 2006.
    4. Cumming, Douglas J., 2005. "Capital structure in venture finance," Journal of Corporate Finance, Elsevier, vol. 11(3), pages 550-585, June.
    5. Hvide, Hans K., 2005. "The Quality of Entrepreneurs," CEPR Discussion Papers 4979, C.E.P.R. Discussion Papers.
    6. Hyytinen, Ari & Pajarinen, Mika, 2005. "Why Are All New Entrepreneurs Better Than Average? Evidence from Subjective Failure Rate Expectations," Discussion Papers 987, The Research Institute of the Finnish Economy.
    7. Winton, Andrew & Yerramilli, Vijay, 2008. "Entrepreneurial finance: Banks versus venture capital," Journal of Financial Economics, Elsevier, vol. 88(1), pages 51-79, April.
    8. John Armour & Douglas Cumming, 2005. "Bankruptcy Law and Entrepreneurship," Working Papers wp300, Centre for Business Research, University of Cambridge.
    9. Sandroni, Alvaro & Squintani, Francesco, 2007. "Overconfidence, Insurance and Paternalism," Economics Discussion Papers 8914, University of Essex, Department of Economics.
    10. Inderst, Roman, 2006. "Consumer Lending When Lenders are More Sophisticated Than Households," CEPR Discussion Papers 5410, C.E.P.R. Discussion Papers.
    11. Robert A. Lowe & Arvids A. Ziedonis, 2006. "Overoptimism and the Performance of Entrepreneurial Firms," Management Science, INFORMS, vol. 52(2), pages 173-186, February.
    12. Josh Lerner & Ulrike Malmendier, 2011. "With a Little Help from My (Random) Friends: Success and Failure in Post-Business School Entrepreneurship," NBER Working Papers 16918, National Bureau of Economic Research, Inc.
    13. Malcolm Baker & Richard S. Ruback & Jeffrey Wurgler, 2004. "Behavioral Corporate Finance: A Survey," NBER Working Papers 10863, National Bureau of Economic Research, Inc.
    14. Hvide, Hans K. & Møen, Jarle, 2007. "Liquidity Constraints and Entrepreneurial Performance," Discussion Papers 2007/21, Norwegian School of Economics, Department of Business and Management Science.
    15. de Mel, Suresh & McKenzie, David & Woodruff, Christopher, 2008. "Who are the microenterprise owners ? Evidence from Sri Lanka on Tokman v. de Soto," Policy Research Working Paper Series 4635, The World Bank.
    16. Zribi, Wissal & Boufateh, Talel, 2020. "Asymmetric CEO confidence and CSR: A nonlinear panel ARDL-PMG approach," The Journal of Economic Asymmetries, Elsevier, vol. 22(C).
    17. Jie Michael Guo & Qian He & Jiayuan Xin & Jia Liu, 2020. "Managerial overconfidence and M%A performance: evidence from China," International Journal of Banking, Accounting and Finance, Inderscience Enterprises Ltd, vol. 11(3), pages 342-360.
    18. Douglas Cumming, 2006. "Adverse Selection and Capital Structure: Evidence from Venture Capital," Entrepreneurship Theory and Practice, , vol. 30(2), pages 155-183, March.
    19. Van den Steen, Eric, 2005. "Too Motivated?," Working papers 18180, Massachusetts Institute of Technology (MIT), Sloan School of Management.
    20. Biais, Bruno & Hilton, Denis & Mazurier, Karine & Pouget, Sébastien, 2004. "Judgmental Overconfidence, Self-Monitoring and Trading Performance in an Experimental Financial Market," IDEI Working Papers 259, Institut d'Économie Industrielle (IDEI), Toulouse.
    21. Marius Protte, 2025. "Explaining Apparently Inaccurate Self-assessments of Relative Performance: A Replication and Adaptation of 'Overconfident: Do you put your money on it?' by Hoelzl and Rustichini (2005)," Papers 2507.15568, arXiv.org.
    22. Gilpatric, Scott M., 2008. "Present-biased preferences, self-awareness and shirking," Journal of Economic Behavior & Organization, Elsevier, vol. 67(3-4), pages 735-754, September.
    23. Hvide, Hans K., 2004. "Firm Size and the Quality of Entrepreneurs," Discussion Papers 2004/9, Norwegian School of Economics, Department of Business and Management Science.
    24. Santos-Pinto, Luís, 2003. "Positive self-image in tournaments," MPRA Paper 3140, University Library of Munich, Germany, revised 27 Feb 2007.

  43. Olivier Blanchard & Augustin Landier, 2001. "The Perverse Effects of Partial Labor Market Reform: Fixed Duration Contracts in France," NBER Working Papers 8219, National Bureau of Economic Research, Inc.

    Cited by:

    1. Güell, Maia & Hu, Luojia, 2003. "Estimating the Probability of Leaving Unemployment Using Uncompleted Spells from Repeated Cross-Section Data," CEPR Discussion Papers 3957, C.E.P.R. Discussion Papers.
    2. Contini, Bruno, 2010. "Youth Employment in Europe: Institutions and Social Capital Explain Better than Mainstream Economics," IZA Discussion Papers 4718, Institute of Labor Economics (IZA).
    3. Dolado, Juan J & Jimeno, Juan Francisco & Jansen, Marcel, 2005. "Dual Employment Protection Legislation: A Framework for Analysis," CEPR Discussion Papers 5033, C.E.P.R. Discussion Papers.
    4. Luc Behaghel & Bruno Crépon & Béatrice Sédillot, 2004. "Contribution Delalande et transitions sur le marché du travail," Économie et Statistique, Programme National Persée, vol. 372(1), pages 61-88.
    5. Boockmann, Bernhard & Hagen, Tobias, 2005. "Fixed-term Contracts as Sorting Mechanisms: Evidence From Job Durations in West Germany," ZEW Discussion Papers 05-85, ZEW - Leibniz Centre for European Economic Research.
    6. Alison L. Booth & Marco Francesconi & Jeff Frank, 2002. "Temporary Jobs: Stepping Stones Or Dead Ends?," Economic Journal, Royal Economic Society, vol. 112(480), pages 189-213, June.
    7. Tony Fang & Fiona MacPhail, 2008. "Transitions from Temporary to Permanent Work in Canada: Who Makes the Transition and Why?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 88(1), pages 51-74, August.
    8. Elena Casquel & Antoni Cunyat, "undated". "The Welfare Cost of Business Cycles in an Economy with Nonclearing Markets," Working Papers 2005-19, FEDEA.
    9. Dolado, Juan J & Jimeno, Juan Francisco & Garcia-Serrano, Carlos, 2001. "Drawing Lessons From the Boom of Temporary Jobs in Spain," CEPR Discussion Papers 2884, C.E.P.R. Discussion Papers.
    10. Pedro Portugal & José Varejão, 2003. "Why do Firms Use Fixed-Term Contracts?," Working Papers w200308, Banco de Portugal, Economics and Research Department.
    11. Petrongolo, Barbara & Güell, Maia, 2003. "How Binding are Legal Limits? Transitions from Temporary to Permanent Work in Spain," CEPR Discussion Papers 3931, C.E.P.R. Discussion Papers.
    12. Cavaco, Sandra & Fougère, Denis & Pouget, Julien, 2009. "Estimating the Effect of a Retraining Program on the Re-Employment Rate of Displaced Workers," IZA Discussion Papers 4227, Institute of Labor Economics (IZA).
    13. Guadalupe, Maria, 2003. "The hidden costs of fixed term contracts: the impact on work accidents," Labour Economics, Elsevier, vol. 10(3), pages 339-357, June.
    14. Norbert Berthold & Rainer Fehn, 2002. "Arbeitsmarktpolitik in der Europäischen Währungsunion," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 3(3), pages 317-345, August.
    15. Alfonso Arpaia & Gilles Mourre, 2009. "Institutions and Performance in European Labour Markets: Taking a Fresh Look at Evidence," Working Papers CEB 09-049.RS, ULB -- Universite Libre de Bruxelles.
    16. César Alonso-Borrego & Jesús Fernández-Villaverde & José E. Galdón-Sánchez, 2005. "Evaluating Labor Market Reforms: A General Equilibrium Approach," NBER Working Papers 11519, National Bureau of Economic Research, Inc.
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    21. Johanna Schauer, 2018. "Labor Market Duality in Korea," IMF Working Papers 2018/126, International Monetary Fund.
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    32. Dolado, Juan J & Stucchi, Rodolfo, 2008. "Do Temporary Contracts Affect TFP? Evidence from Spanish Manufacturing Firms," CEPR Discussion Papers 7055, C.E.P.R. Discussion Papers.
    33. Kanupriya Jain & Piyali Ghosh & Shankha Shuvra Misra, 2023. "The Future of Fixed-term Employment in India," Vikalpa: The Journal for Decision Makers, , vol. 48(2), pages 87-99, June.
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    35. Samuel Bentolila & Pierre Cahuc & Juan Jose Dolado & Thomas Le Barbanchon, 2010. "Two-Tier Labor Markets in the Great Recession: France vs. Spain," CESifo Working Paper Series 3269, CESifo.
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    46. D'Orlando, Fabio & Ferrante, Francesco & Ruiu, Gabriele, 2011. "Culturally based beliefs and labor market institutions," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 40(2), pages 150-162, April.
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Articles

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  3. Hassan Afrouzi & Spencer Y Kwon & Augustin Landier & Yueran Ma & David Thesmar, 2023. "Overreaction in Expectations: Evidence and Theory," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 138(3), pages 1713-1764.
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  4. Gomez, Matthieu & Landier, Augustin & Sraer, David & Thesmar, David, 2021. "Banks’ exposure to interest rate risk and the transmission of monetary policy," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 543-570.
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  6. B Biais & A Landier, 2020. "Endogenous Agency Problems and the Dynamics of Rents," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 87(6), pages 2542-2567.
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  7. Jean‐Philippe Bouchaud & Philipp Krüger & Augustin Landier & David Thesmar, 2019. "Sticky Expectations and the Profitability Anomaly," Journal of Finance, American Finance Association, vol. 74(2), pages 639-674, April.
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  8. Andrea Barbon & Marco Di Maggio & Francesco Franzoni & Augustin Landier, 2019. "Brokers and Order Flow Leakage: Evidence from Fire Sales," Journal of Finance, American Finance Association, vol. 74(6), pages 2707-2749, December.
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  9. Landier, Augustin & Sraer, David & Thesmar, David, 2017. "Banking integration and house price co-movement," Journal of Financial Economics, Elsevier, vol. 125(1), pages 1-25.
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  10. Augustin Landier & Guillaume Plantin, 2017. "Taxing the Rich," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 84(3), pages 1186-1209.
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  11. Greenwood, Robin & Landier, Augustin & Thesmar, David, 2015. "Vulnerable banks," Journal of Financial Economics, Elsevier, vol. 115(3), pages 471-485.
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  12. Philipp Krüger & Augustin Landier & David Thesmar, 2015. "The WACC Fallacy: The Real Effects of Using a Unique Discount Rate," Journal of Finance, American Finance Association, vol. 70(3), pages 1253-1285, June.
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  13. Xavier Gabaix & Augustin Landier & Julien Sauvagnat, 2014. "CEO Pay and Firm Size: An Update After the Crisis," Economic Journal, Royal Economic Society, vol. 124(574), pages 40-59, February.
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  14. Augustin Landier & Julien Sauvagnat & David Sraer & David Thesmar, 2013. "Bottom-Up Corporate Governance," Review of Finance, European Finance Association, vol. 17(1), pages 161-201.
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  15. Itzhak Ben‐David & Francesco Franzoni & Augustin Landier & Rabih Moussawi, 2013. "Do Hedge Funds Manipulate Stock Prices?," Journal of Finance, American Finance Association, vol. 68(6), pages 2383-2434, December.
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  16. Augustin Landier & David Sraer & David Thesmar, 2009. "Optimal Dissent in Organizations," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 76(2), pages 761-794.
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  17. Augustin Landier & Vinay B. Nair & Julie Wulf, 2009. "Trade-offs in Staying Close: Corporate Decision Making and Geographic Dispersion," The Review of Financial Studies, Society for Financial Studies, vol. 22(3), pages 1119-1148, March.

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    2. John, Kose & Knyazeva, Anzhela & Knyazeva, Diana, 2015. "Employee rights and acquisitions," Journal of Financial Economics, Elsevier, vol. 118(1), pages 49-69.
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    4. Sidney Turner & Richard Turner, 2011. "Capital cities: a special case in urban development," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 46(1), pages 19-35, February.
    5. Andres Almazan & Adolfo de Motta & Sheridan Titman & Vahap Uysal, 2007. "Financial Structure, Liquidity, and Firm Locations," NBER Working Papers 13660, National Bureau of Economic Research, Inc.
    6. Knyazeva, Anzhela & Knyazeva, Diana, 2012. "Does being your bank’s neighbor matter?," Journal of Banking & Finance, Elsevier, vol. 36(4), pages 1194-1209.
    7. Andrea Bassanini & Eve Caroli & François Fontaine & Antoine Rebérioux, 2021. "Escaping social pressure: Fixed-term contracts in multi-establishment firms," Post-Print hal-03353701, HAL.
    8. Byoung-Hyoun Hwang & José María Liberti & Jason Sturgess, 2019. "Information Sharing and Spillovers: Evidence from Financial Analysts," Management Science, INFORMS, vol. 65(8), pages 3624-3636, August.
    9. Robert-Nicoud, Frédéric & Kerr, William, 2019. "Tech Clusters," CEPR Discussion Papers 14143, C.E.P.R. Discussion Papers.
    10. Chen Zheng & David Ling & Gianluca Marcato, 2018. "Do Property Locations Matter to IPO Valuation? Evidence from U.S. REITs," ERES eres2018_299, European Real Estate Society (ERES).
    11. Julie Wulf & Harbir Singh, 2011. "How Do Acquirers Retain Successful Target CEOs? The Role of Governance," Management Science, INFORMS, vol. 57(12), pages 2101-2114, December.
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    14. Bae, Kee-Hong & Kang, Jun-Koo & Wang, Jin, 2011. "Employee treatment and firm leverage: A test of the stakeholder theory of capital structure," Journal of Financial Economics, Elsevier, vol. 100(1), pages 130-153, April.
    15. Pauline Charnoz & Claire Lelarge & Corentin Trevien, 2017. "Communication Costs and the Internal Organization of Multi-Plant Businesses: Evidence from the Impact of the French High-Speed Rail," Working papers 635, Banque de France.
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    22. Stefano Filomeni & Gregory F. Udell & Alberto Zazzaro, 2016. "Hardening Soft Information: How Far Has Technology Taken Us?," Mo.Fi.R. Working Papers 121, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    23. David C. Ling & Gianluca Marcato & Chen Zheng, 2022. "Does asset location and concentration explain REIT IPO valuation?," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 50(3), pages 672-706, September.
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    25. Xavier Giroud, 2010. "Soft Information and Investment: Evidence from Plant-Level Data," Working Papers 10-38, Center for Economic Studies, U.S. Census Bureau, revised Nov 2010.
    26. Macias, Antonio & Pirinsky, Christo, 2015. "Employees and the market for corporate control," Journal of Corporate Finance, Elsevier, vol. 31(C), pages 33-53.
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    28. Luca Papi & Emma Sarno & Alberto Zazzaro, 2015. "The Geographical Network of Bank Organizations: Issues and Evidence for Italy," CSEF Working Papers 403, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    29. García, Diego & Norli, Øyvind, 2012. "Geographic dispersion and stock returns," Journal of Financial Economics, Elsevier, vol. 106(3), pages 547-565.
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    31. Ahsan Habib & Mostafa M. Hasan, 2021. "Business Strategy and Labor Investment Efficiency," International Review of Finance, International Review of Finance Ltd., vol. 21(1), pages 58-96, March.
    32. Vivien Lefebvre, 2024. "Layoffs in SMEs: The Role of Social Proximity," Journal of Business Ethics, Springer, vol. 190(4), pages 801-820, April.
    33. Ni, Kejin & Zhang, Rui & Tan, Lei & Lai, Xiaobing, 2024. "How ESG enhances corporate competitiveness: Mechanisms and Evidence," Finance Research Letters, Elsevier, vol. 69(PB).
    34. Bassanini, Andrea & Caroli, Eve & Ferreira, Bruno Chaves & Rebérioux, Antoine, 2020. "Don't Downsize This! Social Reactions to Mass Dismissals on Twitter," IZA Discussion Papers 13840, Institute of Labor Economics (IZA).
    35. Hideaki MIYAJIMA & Ryo OGAWA & Tatsuo USHIJIMA, 2017. "Are Smaller (Larger) Corporate Headquarters Better?," Discussion papers 17004, Research Institute of Economy, Trade and Industry (RIETI).
    36. Brockman, Paul & Luo, Juan & Xu, Limin, 2020. "The impact of short-selling pressure on corporate employee relations," Journal of Corporate Finance, Elsevier, vol. 64(C).
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    39. José María Liberti & Mitchell A Petersen, 2019. "Information: Hard and Soft," The Review of Corporate Finance Studies, Society for Financial Studies, vol. 8(1), pages 1-41.
    40. Derouiche, Imen & Jaafar, Kaouther & Zemzem, Ahmed, 2016. "Firm geographic location and voluntary disclosure," Journal of Multinational Financial Management, Elsevier, vol. 37, pages 29-47.
    41. Sun, Liang, 2023. "Internal alliance and firm risk," Global Finance Journal, Elsevier, vol. 57(C).
    42. José María Liberti & Mitchell A. Petersen, 2018. "Information: Hard and Soft," NBER Working Papers 25075, National Bureau of Economic Research, Inc.
    43. Hegde, Shantaram P. & Mishra, Dev R., 2019. "Married CEOs and corporate social responsibility," Journal of Corporate Finance, Elsevier, vol. 58(C), pages 226-246.
    44. John Asker & Alexander Ljungqvist, 2010. "Competition and the Structure of Vertical Relationships in Capital Markets," Journal of Political Economy, University of Chicago Press, vol. 118(3), pages 599-647, June.
    45. Acosta, Camilo & Lyngemark, Ditte Håkonsson, 2021. "The internal spatial organization of firms: Evidence from Denmark," Journal of Urban Economics, Elsevier, vol. 124(C).
    46. Rita Cappariello & Stefano Federico & Roberta Zizza, 2012. "Corporate geography in multi-plant firms," Temi di discussione (Economic working papers) 865, Bank of Italy, Economic Research and International Relations Area.
    47. Zur Shapira & Gary Dushnitsky, 2011. "Entrepreneurial Finance Meets Organizational Reality: Comparing Investment Practices And Performance Of Corporate And Independent Venture Capitalists," Discussion Paper Series dp589, The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem.
    48. Renneboog, Luc & Vansteenkiste, C., 2019. "Failure and Success in Mergers and Acquisitions," Discussion Paper 2019-026, Tilburg University, Center for Economic Research.
    49. Chen, Chen & Chen, Yangyang & Hsu, Po-Hsuan & Podolski, Edward J., 2016. "Be nice to your innovators: Employee treatment and corporate innovation performance," Journal of Corporate Finance, Elsevier, vol. 39(C), pages 78-98.
    50. Bristy, Humyra Jabeen & Han, Jianlei & Tian, Gary Gang, 2022. "CEO power and labor-friendly policy," Pacific-Basin Finance Journal, Elsevier, vol. 71(C).
    51. Sonia Di Giannatale & Itza T. Q. Curiel-Cabral & Jacqueline Chacón, 2021. "Monitoring decisions in vertical integration," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 48(3), pages 441-462, September.
    52. Brian T. McCann & Govert Vroom, 2014. "Competitive Behavior and Nonfinancial Objectives: Entry, Exit, and Pricing Decisions in Closely Held Firms," Organization Science, INFORMS, vol. 25(4), pages 969-990, August.
    53. Andrea Bassanini & Eve Caroli & Kevin Geay & Antoine Rebérioux, 2023. "Heavy is the Crown: CEOs' Social Interactions and Layoff Decisions," Working Papers hal-04118212, HAL.
    54. Xu, Hanwen & Han, Xiaofang & Shen, Yongjian & Zhou, Minting, 2025. "Is internal control more efficient in employee-friendly firms?," International Review of Financial Analysis, Elsevier, vol. 97(C).
    55. Baschieri, Giulia & Carosi, Andrea & Mengoli, Stefano, 2015. "Local IPOs, local delistings, and the firm location premium," Journal of Banking & Finance, Elsevier, vol. 53(C), pages 67-83.
    56. Hong, Liu & Liu, Shiang, 2023. "Geographic diversification and corporate cash holdings," Journal of Empirical Finance, Elsevier, vol. 72(C), pages 381-409.
    57. Kiyoung Chang & Jean Kabongo & Ying Li, 2021. "Geographic proximity, long-term institutional ownership, and corporate social responsibility," Review of Quantitative Finance and Accounting, Springer, vol. 56(1), pages 297-328, January.
    58. Brisley, Neil & Bris, Arturo & Cabolis, Christos, 2011. "A theory of optimal expropriation, mergers and industry competition," Journal of Banking & Finance, Elsevier, vol. 35(4), pages 955-965, April.
    59. Sven Kunisch & Markus Menz & David Collis, 2020. "Corporate headquarters in the twenty-first century: an organization design perspective," Journal of Organization Design, Springer;Organizational Design Community, vol. 9(1), pages 1-32, December.
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  24. Augustin Landier & David Thesmar & Jeffrey Pontiff, 0. "Earnings Expectations during the COVID-19 Crisis," The Review of Asset Pricing Studies, Society for Financial Studies, vol. 10(4), pages 598-617.

    Cited by:

    1. Lars Peter Hansen, 0. "Repercussions of Pandemics on Markets and Policy," The Review of Asset Pricing Studies, Society for Financial Studies, vol. 10(4), pages 569-573.
    2. Steven J. Davis & Dingqian Liu & Xuguang Simon Sheng, 2022. "Stock Prices and Economic Activity in the Time of Coronavirus," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 70(1), pages 32-67, March.
    3. Stephen J. Davis & Dingqian Liu & Xuguang Simon Sheng, 2020. "Stock Prices, Lockdowns, and Economic Activity in the Time of Coronavirus," Working Papers 2020-156, Becker Friedman Institute for Research In Economics.
    4. Benjamin Knox, 2022. "A Stock Return Decomposition Using Observables," Finance and Economics Discussion Series 2022-014r1, Board of Governors of the Federal Reserve System (U.S.), revised 31 Jan 2025.
    5. Cakici, Nusret & Zaremba, Adam, 2021. "Who should be afraid of infections? Pandemic exposure and the cross-section of stock returns," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 72(C).
    6. Garel, Alexandre & Petit-Romec, Arthur, 2021. "Investor rewards to environmental responsibility: Evidence from the COVID-19 crisis," Journal of Corporate Finance, Elsevier, vol. 68(C).
    7. Nils Engelhardt & Jens Ekkenga & Peter Posch, 2021. "ESG Ratings and Stock Performance during the COVID-19 Crisis," Sustainability, MDPI, vol. 13(13), pages 1-15, June.
    8. Paul Anglin & Jianxin Cui & Yanmin Gao & Li Zhang, 2021. "Analyst Forecasts during the COVID-19 Pandemic: Evidence from REITs," JRFM, MDPI, vol. 14(10), pages 1-21, September.
    9. Neukirchen, Daniel & Engelhardt, Nils & Krause, Miguel & Posch, Peter N., 2022. "Firm efficiency and stock returns during the COVID-19 crisis," Finance Research Letters, Elsevier, vol. 44(C).

Chapters

  1. Augustin Landier & David Thesmar, 2011. "Regulating Systemic Risk through Transparency: Trade-Offs in Making Data Public," NBER Chapters, in: Risk Topography: Systemic Risk and Macro Modeling, pages 31-44, National Bureau of Economic Research, Inc.
    See citations under working paper version above.Sorry, no citations of chapters recorded.

Books

  1. Landier, Augustin & Nair, Vinay B., 2008. "Investing for Change: Profit from Responsible Investment," OUP Catalogue, Oxford University Press, number 9780195370140.

    Cited by:

    1. Roland Bénabou & Jean Tirole, 2010. "Individual and Corporate Social Responsibility," Economica, London School of Economics and Political Science, vol. 77(305), pages 1-19, January.
    2. Gollier, Christian & Pouget, Sébastien, 2014. "The "Washing Machine": Investment Strategies and Corporate Behavior with Socially Responsible Investors," IDEI Working Papers 813, Institut d'Économie Industrielle (IDEI), Toulouse.
    3. Sebastien Pouget & Christian Gollier, 2021. "Investment Strategies and Corporate Behaviour with Socially Responsible Investors: A Theory of Active Ownership," Working Papers 2021.15, FAERE - French Association of Environmental and Resource Economists.
    4. Gollier, Christian & Pouget, Sébastien, 2009. "Equilibrium Corporate Behavior and Capital Asset Prices with Socially Responsible Investorsn Asset Prices and Corporate Behavior," IDEI Working Papers 573, Institut d'Économie Industrielle (IDEI), Toulouse, revised Jun 2012.
    5. Gollier, Christian & Pouget, Sébastien, 2012. "Equilibrium Corporate Behavior and Capital Asset Prices with Socially Responsible Investors," IDEI Working Papers 760, Institut d'Économie Industrielle (IDEI), Toulouse.
    6. Moisson, Paul-Henri, 2024. "Social Responsibility, Consequentialism and Public Policy," TSE Working Papers 24-1521, Toulouse School of Economics (TSE).
    7. Cedric E. Dawkins, 2018. "Elevating the Role of Divestment in Socially Responsible Investing," Journal of Business Ethics, Springer, vol. 153(2), pages 465-478, December.
    8. Gollier, Christian & Pouget, Sébastien, 2009. "Shareholder Activism and Socially Responsible Investors: Equilibrium Changes in Asset Prices and Corporate Behavior," TSE Working Papers 09-081, Toulouse School of Economics (TSE).

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